Blog

08Nov2018

Housing Market Round-Up: Five Real Estate Trends

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The housing market in 2018 saw a tight inventory with prices skyrocketing. That is a quick synopsis. But after taking a closer look at home buyers and sellers in 2018, the National Association of Realtors unveiled five real estate trends: Marriage Not Necessary The portion of married
  • 8 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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01Nov2018

New FICO Score System Will Benefit Consumers

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC In early 2019, Fair Isaac Corp, creator of the widely used FICO credit score, will be rolling out the UltraFICO credit score. Credit scores for decades have been mostly based on borrowers’ payment history. Moving forward, the new scoring system also monitors how people manage their savings,
  • 1 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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24Oct2018

Unemployment Hits a 50-Year Low, Job Growth Slows

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The U.S. job growth rate for September hit a slump, while the unemployment rate hit a successful low. September’s job creation slowed and fell to its lowest level in a year according to Labor Department figures released last week. Non-farm payrolls rose just 134,000 which was below
  • 24 Oct, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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05Oct2018

No More NAFTA

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC NAFTA has officially been replaced. The United States, Canada, and Mexico have joined together in a trade deal that will swap out the North American Free Trade Agreement for the United States-Mexico-Canada Agreement. The U.S. imposed a deadline on Canada of Sunday night at midnight which accelerated
  • 5 Oct, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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27Sep2018

Wall Street is Rolling in Records

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Wall Street isn’t worrying about tariffs or inflation after a new record high. The Dow’s 251-point leap last week marked its 100th record close since President Donald Trump’s election, according to S&P Dow Jones Indices. The S&P 500 also notched an all-time high, and the Nasdaq
  • 27 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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19Sep2018

US Job Openings Hit New Peak

 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC . The Labor Department’s Job Openings and Labor Turnover Survey reported a record high in available jobs during the month of July at just shy of 7 million. According to the Washington Post, the United States has a job opening for every unemployed person in the country.
  • 19 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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12Sep2018

Economic Boom Continues After August 2018 Reports

 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC .   White House economic advisor Larry Kudlow believes the U.S. economy is keeping up the momentum. “The economic boom continues,” he said on CNBC, citing the August jobs reports and the month’s wage gain data. “It’s the big story of 2018. Jobs, growth, wages. It doesn’t
  • 12 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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05Sep2018

Consumer Spending Hits All-Time High

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC Consumer spending is back and better than ever. A healthy U.S. economy, rebounding consumer confidence, record low unemployment is benefiting some major retailers. Target CEO, Brian Cornell says the company saw unprecedented growth in same-store sales and foot traffic during the second quarter of 2018. The retailer’s
  • 5 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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28Aug2018

US and Mexico Reach Trade Deal

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC Stocks jumped on Monday as the United States and Mexico made a new trade deal. The Dow Jones Industrial Average jumped more than 250 points after President Trump announced the United States-Mexico Trade agreement potentially removing uncertainty plaguing investors for months. “The name NAFTA has bad connotation
  • 28 Aug, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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22Aug2018

Small Business Confidence Hits Record High

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Small-business confidence in the United States is at a record high. Thanks to a strong U.S. economy, small-business confidence is continuing to climb to record levels. In a deregulatory environment, jobs and the economy have become the top issues for small companies according to the latest
  • 22 Aug, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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