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16May2019

Investors Ride the Market Rollercoaster This Week

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** This week’s market volatility has been a rollercoaster for investors. On Monday, the Dow & S&P had a rough day with the Dow plunging 600 points – the worst since January 3 of this year. The same day, China increased duties on $60 billion of U.S.
  • 16 May, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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11Jun2018

Is There an Impending Recession? What to Look For

. June 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   The U.S. economy is in its best shape since the 2008 Recession. Unemployment hit an 18-year low, and average wage growth is expected to reach 3 percent in 2018. If the economy is booming, why are some experts discussing an impending recession? Experts
  • 11 Jun, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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31May2017

American Consumer Debt Is on the Rise

. May 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC In the United States, household debt reached a record in the first quarter of 2017, surpassing its peak from The Great Recession of 2008. According to The Federal Reserve Bank of New York, this increase put overall household debt $50 billion above its previous peak
  • 31 May, 2017
  • Summit Consumer Receivables Acquisitions, LLC
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Consumer Receivables Acquisitions and Analytics   •   Home Improvement Lending   •   Consumer Loan Servicing