Blog

14Jan2019

What 2018’s Market Mania Means for the New Year

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The stock market stumbled a bit at the end of 2018.  With all of the ups and downs, it resembles a roller coaster. After an unpleasant October and November, the S&P 500 dropped 15 percent in value between November 30 and December 24. Even after an
  • 14 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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03Jan2019

Government Shutdown Prevents Aid to Farmers

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   The U.S. government shutdown could delay relief payments to farmers. The federal government is still in a partial shutdown due to congressional gridlock over approving $5 billion in funding for President Trump’s proposed southern border wall. The standoff not only impacts thousands of federal workers
  • 3 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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29Nov2018

Stock Market Jumps After Volatility

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** After a few weeks of volatility, the stock market rebounded thanks to a strong start to holiday shopping. But is this really a short-term bounce or a signal for a sharp drop on Wall Street? The much-anticipated boost came after sellers sliced nearly 2,000 points off
  • 29 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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27Nov2018

The U.S. Economy Strongly Humming Along

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The unemployment rate continues to decline with a recent report showing the jobless level at 3.7 percent, the lowest since December 1969. GDP growth this year has averaged 3.3 percent for the first three quarters and is expected to come in around 3 percent for the final
  • 27 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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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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