Stories Tagged as
Borrowing
As consumer borrowing picks up, banks keep a wary eye on the possibility of more loan defaults
by
Justin Ho
May 10, 2022
It isn't happening now, but that could change in the economy starts trending down.
People are finding it easier to borrow right now
by
Justin Ho
Jun 15, 2021
That doesn't necessarily mean they're taking out more loans, but borrowing could pick up in some categories, such as auto loans.
Treasury expects to borrow $3 trillion over next 3 months
May 5, 2020
That's almost triple what the Treasury borrowed in the 2019 accounting year.
Americans are borrowing more, creating record debt
by
Ryan Kailath
May 18, 2017
The New York Federal Reserve says Americans are borrowing again — everything from student loans to auto loans to mortgages. According to the New York Fed, household debt has reached a record high, even higher than the previous peak, during the credit bubble in 2008. The report’s findings don’t mean Americans have learned to be […]
Equifax's new credit program will take a deeper look at your payment history
Oct 4, 2016
Equifax CEO Richard Smith shares how the new method will work.
While major U.S. banks are cleaning up their books, the shadow banking system is dirtying its hands
Apr 12, 2016
The role of non-banks has increased 400 percent in the past three years, one analyst says.
Why a strong dollar's a dud for indebted foreign firms
by
Stan Alcorn
Dec 8, 2014
The dollar is up. Great news, right? Maybe not if you’re an emerging economy.
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How borrowing money can create wealth: Explainer
by
Paddy Hirsch
Feb 5, 2014
There are a million get-rich schemes out there, but here's one of the oldest: borrowing.
Sound, simple money advice
Mar 22, 2012
I am 32 years old and would consider myself financially illiterate! I briefly held a credit card, but after a series of rather poor decisions at the age of 20, I got spooked by the idea of credit altogether. When I last checked my score several years ago, it was not surprisingly in the toilet.
In deciding to try and repair my finances, I checked my score today and found that it was (surprise!) 775! So after years of neglect, illiteracy and general incompetence, how do I maintain this incredible turn? Desperately in need of some sound, simple advice! Ryan, Cincinnati, OH
Keep on saving
Mar 5, 2012
The personal savings rate seems to have moved up to the 4 percent to 5 percent range, despite savers making 0.1 percent to 0.2 percent on their money. We're back to the range that held for much of the 1990s. Considering how harsh the last couple of years have been on so many people -- from young adults seeking their first full-time job to retirees watching their pension values slide -- it's doubtful that the savings habit will erode. Memories aren't that short.