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Author: Akbar Lashari
40% Of Millennials Are Hopeful They Can Get Rid Of All Outstanding Debt By 2025, Study Finds
A poll has revealed that 40% of all millennials feel they are in a good position to eliminate all debt by the mid of this decade. The average millennial is carrying a debt of around $27,900, excluding any amount owed on mortgage loans. A recent poll conducted by CreditCards.com through YouGov, with over 2,600 adults […]
70% Of Americans Hopeful They Would Achieve Financial Goals Till 2030
According to the results of a recently conducted survey, it has been revealed that 70% of Americans are optimistic about their financial progress, and hope to achieve their financial targets by the year 2030. The survey has been conducted by a company called OnePoll, after having been commissioned by another company called CreditWise which belongs […]
Hundreds of Small Business Owners Seek Loans Of Up To £200,000 During Christmas Holidays In The UK
Iwoca, a European lender operating in the UK, received over 1,200 loan applications from small business owners during the Christmas holidays. Loans given out by the company are valued up to £200,000 The number of applications received by Iwoca during the Christmas holidays is up by 5% compared to the same time period a year […]
Student Debt In The US Up From $772 Billion in 2009 to $1.6 Trillion in 2019
Student debt has grown to $1.6 trillion, up by 107% compared to 2009 figures. In 2009, outstanding student debt stood at just $772 billion. Political candidates are now prioritizing solving the student debt crisis as part of their campaigns. Leading causes are said to be the increasing costs of attending college financial illiteracy of the […]
Experian Settles In Class Action Lawsuit With Payday Loan Borrowers, Settlement Set At $24 Million
The class-action lawsuit was brought forward by 56,000 Americans, claiming Experian’s actions had damaged their credit rating. The settlement will be given out if and once it is approved in the final hearing scheduled on 27th January 2020. The lawsuit involves Western Sky Financial, a lender widely accused of being involved in predatory and illegal […]
Reduced Consumer Borrowing Results In The First Decline In Credit Card Debt Since 2013
The monthly growth rate of credit card debt fell to the lowest point in November 2019, to 5.7%, in seven years. The slowdown in borrowing has resulted due to concerns surrounding the impact of Brexit on the UK economy, and new rules implemented by the UK financial watchdog. After 7 years, the financial condition of […]
These UK Cities Could Struggle When Repaying Debt Acquired Over Christmas
Millions of people in the UK are carrying forward debt acquired to fund the Christmas holidays. People in some regions, especially in parts of Scotland, are especially vulnerable to struggling with their outstanding Christmas debt. Many people plan to use their credit cards to finance their outstanding debt. Christmas is always the most wonderful time […]
Changes Made In VA Home Loans Have Now Come Into Force
Changes were made to VA home loans under the 2019 Blue Water Navy Vietnam Act. Changes include removal of any down-payment, removal of loan limits for Native American Veterans for Federal Trust Land house loans, and exemption of funding fees for Purple Heart recipients. Changes that were made to the home loans provided by the […]
In 2019, Over 350,000 People Bought A Home For The First-time In The UK
The housing market in the UK seems to have become attractive once again to first-time buyers, attracting the highest number since 2007. In 2019, more than 350,000 people bought a home in the UK for the first time. According to reported figures by the Yorkshire Building Society, the housing market has seen an influx of […]