As of the 4th quarter of 2016, Americans owed a total amount of $1.31 trillion in student-loan financial debt– even more thangreater than for car lendings ($1.16 trillion) or credit card debt ($779 billion). Because there are around 126 million homes in the United States, this convertsmeans an average of $10,397 in student-loan debt per […]
Author: William Shafer
Motley Fool: Be wary of companies with high ‘burn rates’
Q: Whats a companys burn rate? — BC, Santa Rosa, California A: Its a measure that reflects how quickly a company is burning through its cash. You neednt worry about it with most established companies, but it can be worth checking the burn rates of smaller, fast-growing or shakier companies. Imagine, for example, that in […]
Encina Business Credit Adds Two GE Capital Veterans to Senior Executive Team
Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for building out and scaling EBC’s underwriting, documentation and portfolio management functions. Sullivan is a 30-year industry veteran who has served […]
Bad Credit Scores May Be Worse For Your Auto Insurance Than A DUI
We conducted a small study where we took a sample 30-year-old male driver, and obtained auto insurance quotes for him based on excellent, good, fair, bad and poor credit scores. We considered drivers in both New York City and Salt Lake City. What we found was quite staggering. In Salt Lake City, a premium was […]
An Easy Way to Compare Annual Fee & No Annual Fee Credit Cards
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Cheapest New Cars to Own with Poor Credit
We review the latest list of new cars that make up the 5-year Cost to Own Award Winners from KBB.com and narrow it down to those that are most affordable for borrowers with credit issues. Financing New Cars with Bad Credit Since new cars come with full manufacturer warranties in addition to their new car […]
Stay on top of a repayment plan
Research released this week revealed the dwindling number of SME bank loans in the UK. According to Funding Options, the drop in loans totals to a value nearing$145 million every month, primarily because of regulatory changes on bank overdrafts. This underscores the fact that even the most successful businesses are at risk of their overdrafts […]
Here’s Why Credit Card Stocks Plunged in Tuesday’s Trading
Credit card companies were among the worst performing stocks on Tuesday following Synchrony Financials SYF revelations relating to credit quality and reserves. The private-credit card issuer, which spun off from General Electric Company GE in 2014, disclosed that net charge-offs (NCOs) will increase 10-20 basis points (bps) over the next 12 months. Considering this increase […]
US Bank, BB&T: Interest Rates on Wednesday for Home Mortgages May 18, 2016
BBT Bank The benchmark 30 year loan dealsat BBT Corp. (NYSE:BBT) start at 3.500%and APR of 4.022%.The short term, popular 15 year fixed rate loan interest ratesare published at 2.750%and APR of 3.332% today.
Can I Get a Mortgage With Bad Credit?
Prospective homebuyers may be surprised to hear that bad credit wont necessarily shut them out of the market completely. It is possible to get a mortgage with a subpar credit score — but your options are going to be limited and youre most likely going to pay in fees and/or interest. What Score Do I Need? […]