Consumer loan delinquency rates in the US started at 2.44% in the first quarter of 2020. By the fourth quarter, it dropped by a considerable 0.44%, ending the year with a delinquency rate of 1.96%.
Now 1.96% may seem small, but that's primarily due to the COVID-19 debt relief programs...
Home sweet home, or debt central?
Americans are currently over $14 trillion in debt. Research shows that mortgages make up the largest chunk of debt, totaling just above $9 trillion nationwide. Next on the list, there’s credit card balances and student loan debt.
Luckily, just because you’re tight on cash, that...
As you operate your business, you've been running into some cash flow problems. And you wonder if there's a solution to this problem outside of turning to a bank for a loan.
The reality is, every business owner experiences periods when their sales are low. Fortunately, when your money happens...
