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12Jul2018

Save Money with Smart Lending

July 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Most people need a loan at some point to make a big purchase, help make ends meet, or pay for an emergency. Only 39 percent of Americans can fully cover a $1,000 setback using their savings and Americans are taking on increasing amounts of
  • 12 Jul, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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03Jul2018

Millennials Have Financial Focus

July 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC Currently, 39 percent of Americans have no savings at all. Even worse, the average 2017 graduate has nearly $40,000 in student loans, and millennials are struggling to buy homes. Despite negative reports on American’s personal finances, there are some inspiring data points. Millennials are the
  • 3 Jul, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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28Jun2018

“Side Hustles” Are Paying Off for Hard-Working Americans

June 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Americans are working hard for their money and many of them taking on a “side hustle” in order to supplement their income. The average person spends around 90,000 hours at work during the course of their lifetime. People are increasingly turning their hobbies and
  • 28 Jun, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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21Jun2018

The Housing Market is Red Hot

June 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   In May, homes were selling in record time across the United States. The average home sold in May went under contract in just 34 days. This number broke the previous month’s record of 36 days. Homes are selling so quickly because there are so
  • 21 Jun, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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06Jun2018

Online Lenders Face Uphill Battle, Greatest Opportunity

. June 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Technology is reshaping the lending industry by connecting lenders to borrowers. The previously slow consumer lending process has now been streamlined thanks to a variety of online lending companies. These enterprises offer a quick loan process and easier access to money in a
  • 6 Jun, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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16May2018

Banks are Walking Away from Low-Income Home Buyers

. May 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Affordable housing advocates are worried by newly-released federal data from the Consumer Financial Protection Bureau which shows people with low-and moderate-incomes make up only 26.3 percent of borrowers in 2017, down from 36.6 percent in 2009. According to CNN Money, part of the
  • 16 May, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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10May2018

The US Economy’s Impact on Inflation

. May 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC U.S. consumer prices accelerated through March with underlying inflation surging near the Federal Reserve’s 2 percent target. According to CNBC, the rise in the annual inflation measures reported by the Commerce Department was anticipated by economists and federal officials. It is not expected to
  • 10 May, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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24Apr2018

How Americans Can Beef Up Their Savings Accounts

. April 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   While the U.S. economy is on a roll, many Americans have very little wiggle room in their savings account. An estimated 57 percent of adults in the U.S. have less than $1,000 in savings, and 39 percent have no savings at all. Here
  • 24 Apr, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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18Apr2018

The US has a “Part-Time” Problem

. April 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC With unemployment rates down, a complicated issue still exists – a historically high number of Americans who have part-time jobs but want full-time jobs. According to CNN, economists thought the trend known as “involuntary part-time” was temporary. Now it appears to be a more
  • 18 Apr, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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05Apr2018

Housing Market May Have Its Most Interesting Season

  . April 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The spring housing marketing is shaping up to be the most interesting one in years. According to the New York Times, the economics of home buying will be tested thanks to higher mortgage rates, tax changes, and a supply-demand imbalance. In mid-September 2017,
  • 5 Apr, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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