Small-Business Borrowing Takes a Tumble in August

WASHINGTON — Borrowing by U.S. small businesses fell sharply in August, data showed Wednesday, a sign firms were pausing to consolidate recent investments in their operations. The Thomson Reuters/PayNet Small Business Lending Index fell 10.2 percent to 114.5 in the month from a more-than-seven-year high reached in July. The index gauges borrowing by firms with $1 million or less in outstanding debt. The drop brought the index 1.2 percent below its...

U.S. Auto Loans, Sales, Keep Rising

It’s a question that the entire auto industry finds itself asking: Can 2015 beat 2014 on car sales? It’s a tall order; 2014 was a record breaking year for both cars sold and loans originated. And it looks like 2015 might be up to the task of beating it.The latest numbers paint a very strong picture of a boom in progress. May saw a high of 17.7 million vehicles sold off of dealership lots, the strongest month since the industry set a sales record in 2005....

How Long Should My Car Loan Be for ?

Car loans have three core pieces: The principal, or how much you’re borrowing; the interest rate, or how much more you’ll pay on top of the principal to purchase auto financing; and the term, which is how long you’ll be paying off your car. And while that last part may seem simple, in truth how long you take to pay off your car can have an enormous effect on your finances. Why Is My Car Loan Term Important? Many of us think of the car loan term as just...

Poor Credit Home Loan Tips For Applying

Bad credit is a problem that burdens millions of Americans on a daily basis. If you suffer from a low credit score then you will often find it very difficult to get loans approved. This is especially true for people who are looking to obtain a home loan. Most people probably think it is impossible to get a home loan approved with a low score. The honest answer is that getting a poor credit home loan approved will be a long and hard road, but if you are...