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What the holiday spending outlook means for lenders

clock December 4, 2013 12:00 by author Walt Wojciechowski
The holiday season is usually the most lucrative time of the year for many businesses, large or small. Typically, consumers ramp up spending, as they look for the perfect presents for family members and loved ones. Most years, the spending spree is enough to help retailers that may otherwise sustain losses turn a profit. For lenders, the season is ... [More]

Increased borrowing, declining collection accounts good sign for lenders

clock November 20, 2013 09:30 by author Walt Wojciechowski
Short term lending outlets and other credit providers in the United States may be on the brink of a lucrative period. As more consumers in the U.S. start to gain a better financial footing in the wake of the Great Recession, borrowing trends are improving, which could be a good sign for lenders. According to insideARM, data recently released by the... [More]

2014 could be a record year for American lenders

clock November 14, 2013 12:00 by author Walt Wojciechowski
Short term lending outlets, traditional banks and other loan providers could see a bumper year in 2014. As the global economy rebounds, financial experts are continuing the adopt a more optimistic outlook regarding the financial future of the American consumer force and fiscal service sector. A number of factors have contributed to the rosy predict... [More]

Consumer credit report formula may change

clock October 27, 2013 08:15 by author Walt Wojciechowski
Consumer credit reports play a major factor in which individuals do and do not get approved for loans from lending outlets. Within these reports are notes about a person's financial and payment history, which is used to determine a three digit credit score. Those three simple digits are extremely important to consumers and lenders, as it highlight... [More]

Companies report rise in corporate fraud

clock October 26, 2013 10:45 by author Walt Wojciechowski
Risk management firm Kroll recently announced the release of its 2013 Global Fraud Report, which revealed that corporate fraud spiked in the past year. A stunning 70 percent of companies were hit by fraud in 2013, whereas that figure stood at 61 percent in 2012.Every subcategory of fraud reported on by Kroll - including corruption, theft of assets,... [More]

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