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Little loans a major contributor to consumer credit debt

clock July 31, 2014 12:15 by author Walt Wojciechowski
It's easy for consumers to forget that small purchases add up over time, contributing to a large amount of debt.Credit card companies and lenders alike need a sound, flexible system that can accurately track spending habits in real time. Identifying the easy-to-miss, minute instances in which a person uses a credit card to pay for gas or a bottle o... [More]

Debt collectors are interested in interest

clock July 29, 2014 07:06 by author Philip N Burgess Jr Princeton NJ
Many companies, medical organizations, traditional lenders, alternative credit corporations and other groups are allowed to charge interest if they don't receive prompt payment from consumers or if these individuals borrow money. This way, the business in question makes money and can take care of expenses itself, like overhead and payroll.However, ... [More]

What is retail installment financing and why should dealerships buy in?

clock July 28, 2014 06:58 by author Philip Burgess
For many people from all backgrounds, cars are seen as a necessity now. Without vehicles, individuals may not be able to commute to their jobs, but they generally cannot afford to keep their automobiles on the road without a steady stream of income. This situation quickly became an issue for many during the Great Recession, and still rears its ugly... [More]

Weighing consumer options: 6 forms of alternative lending

clock July 23, 2014 13:03 by author Sean Albert
Unfortunately, many consumers believe banks are the only legitimate sources of financing.Contrary to popular belief, there are a number of alternative lending options people can go to in times of need. Whether a person is looking to borrow money to pay for a car or fund a new business, it's important for him or her to weigh all available monetary p... [More]

Alternative lending boosts consumer credit

clock July 14, 2014 10:13 by author Sean Albert
Whether to pay for tuition or a car, consumers are looking to procure loans in whatever way possible. While some take the traditional route and visit their banks for financial assistance, others find alternative lending to be the better option. Why credit rises For the majority of consumers, borrowing money from a financier isn't an option unless... [More]