US credit card debt was $870 million as of December 2018 according to data from the Federal Reserve, an increase...
One curious solution to the problem that wouldn't involve Congress: have the Treasury mint a trillion-dollar platinum coin and hand it to the government.
Last week Lending Club quietly made the addition of recovery rates to their performance page. The graphic above (click on...
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There is a new startup getting ready to join the peer to peer lending party. But Lendstreet is taking a...
CommonBond focuses on helping those with student loans better manage their debt. Earlier this week they released an interesting study...
Unlike many people I pay off my credit card in full every month. Yesterday there was this interesting graphic on Credit...
Credit-card debt has grown to record highs and some large banks are reporting increased delinquency rates; this trend, combined with higher interest rates could be cause for concern according to Michael Pearce, an economist at Capital Economics; article provides data from the NY Fed on delinquent loans across student, auto, mortgage and credit card debt. Source
The American Bankers Association released their quarterly delinquency bulletin which shows steady delinquency rates at 1.56%; the 15-year average is 2.16%; Household debt hit a record $12.84 trillion in the second quarter with increases in automobile, mortgage and credit card debt. Source
YieldStreet is a unique fintech company in the US, providing access to unique investment opportunities such as litigation finance, marine...
In the Financial Health Network's recent report it was found economic conditions are "disproportionately" affecting vulnerable households.