Can a Merchant’s FICO Score Increase By the End of the Day?

March 16, 2019
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Earlier this week, Alan Hayon had a challenge – to get a merchant above a 500 FICO score in order to make them eligible for small business funding. Within 30 minutes, Hayon increased the merchant’s personal FICO score by 59 points, getting them above 500. And the deal funded the following day. Hayon is the […]

How Most Americans Handle a $1000 Emergency Expense

December 26, 2018
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A recent survey conducted by LendingTree found that more than half of Americans cannot cover a $1,000 emergency with cash or savings. Forty-eight percent of Americans say they could handle a $1,000 emergency expense by using cash or savings in their bank accounts. Of the those Americans who could not handle a $1,000 emergency, whether […]

Funding Circle Report Shows Demand for Alternative Financing

June 14, 2018
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Funding Circle, together with Oxford Economics, released a report this week using data from its customers last year. Funding Circle is a business loan platform that matches small business borrowers with investors that want to lend. Some of these findings may be reflective of the broader alternative finance market. Data from the report conveys that […]

Student, Auto Loan Delinquencies Rise Slow and Steady, Report Says

July 7, 2016

Report on debt shows student loan delinquencies rising since the end of 2011.

As Credit Tightens, Borrowers and Investors Retreat Alike

July 5, 2016

measuring money

Lenders have for long relied on securitization for capital but as the credit market tightens, companies will be forced to diversify and soon.

Don’t Look Now, But The US Treasury is Staring At Marketplace Lending

June 24, 2016

US Treasury

The Financial Stability Oversight Council which was established per Dodd Frank to monitor excess risks to the financial system by bank and nonbank financial entities categorized marketplace lending as one.

Taking Stock of China’s Changing Fortunes in Fintech

June 21, 2016
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Chinese Piggy Bank

It’s been called the Wild West of the financial world, and it appears the sheriff is finally headed to town. Chinese fintech, the P2P practice of connecting borrowers to lenders via the Internet, was supposed to bring much-needed competition and efficiency to the country’s outsized, government-run banking system, turning a sizable profit for a visionary […]

Consumer Credit Defaults Are Falling, But Don’t Celebrate Yet

June 21, 2016

First mortgage defaults reported a six basis points drop to 0.63 percent but bank cards defaults rose to 3.11 percent

As Mortgage Applications Slow Down, is it Smarter to Rent?

June 1, 2016

Refinance applications decreased 4 percent, seasonally adjusted, and purchase applications decreased 5 percent .

Is That a Bird, a Plane or a Recession in the Wings?

April 26, 2016
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This story appeared in deBanked’s Mar/Apr 2016 magazine issue. To receive copies in print, SUBSCRIBE FREE The R-word has been rearing its ugly head with more frequency in recent months, propelled by falling stock prices, higher borrowing rates and the dollar’s ascent. While a recession—typically defined as a fall in GDP in two consecutive quarters—is […]

US Economy: Spending Slows, Savings Increase and Home Sales Rise

March 28, 2016
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Consumer spending on goods and services inched up 0.1 percent in February for the third consecutive month, as savings reached the highest level.