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For those of you American Express lovers...

How American Express business model really works.
By Credit Life Admin | | Read more

One of the quickest ways to raise your scores 10-40 pts per bureau

One of the quickest ways to raise your scores 10-40 pts per bureau
By John Brucker | | Read more

Housing Prices still largely raising despite massive rate increases

Despite a massive and rapid interest rate incline over the last year, Real Estate prices in our country largely continue to go up.
By John Brucker | | Read more

Consumers are now extending paybacks to afford NEW and USED autos

Consumers are now extending paybacks to afford NEW and USED autos
By Credit Life Admin | | Read more

Mortgage Interest Rates Last 20 years

The housing market has held up well given the spike in rates, but how long can it hold up...
By Credit Life Admin | | Read more

University and College tuition rise breakdown

If you want to get an idea of how much of a true unsubstantiated bubble that has formed in student loan lending, read this article in how much school tuition cost has gone up over the last 30 years but specifically in the last 10 years. its absurd, and the explanation doesnt pass the sniff test to me, but just saying....

By Credit Life Admin | | Read more

Credit card delinquency rates

To give you an idea of what im saying. Mortgage deliquencies are down year over year. On the other hand, credit cards, autos and school loans deliquencies are up which require little to no income documentation. Its not too hard to identify why the rates of deliquency are higher to outlandishly high in some instances relating to cards, school loans and autos. why allow a borrower to 'state' income at all. As a bank, fintech, or alternative lender, seems like a very simple fix, and it would allow you to drop the high deliquency rates and likely net out the same profit on those products year in and year out.

By Credit Life Admin | | Read more

Mortgage delinquency rates

Mortgage deliquency rates, which is a very reliable indicator of the overall health of the consumer have dropped from 2018-2019, which is a good sign on a broad scale. Obviously, this is happening because of the extensive amount of income documentation required nowadays to get a mortgage as oppose to auto loans and school loans which require no documentation and whose default rates range from 18-25 percent. crazy.

By Credit Life Admin | | Read more

The unexplainable outpacing of the cost of a new car purchase relative to inflation

We talk about this a lot. Media outlets will say wages are up, but in reality there up like .6 percent on the year, which is essentially flat for the herd, yet year over year the prices of autos continue to rise aggressively. As of end of 2019, the average new car sales price was close to 35k and the average SUV was close to 37k. How on earth can autos and there prices outpace inflation year to year so aggressively and still have banks lending on them. Not to mention, average...

https://www.manufacturing.net/automotive/news/21108683/new-vehicle-sales-in-us-fell-13-in-2019-but-still-healthy?fbclid=IwAR2OvnvVoUeQgLrowX0lquR1reB6uIO-9JseW-1b97LyL0Q-79Q3Ze_SI9E

By Credit Life Admin | | Read more

House of Representatives trying to help consumers....

If this actually comes to fruition, it would be something very beneficial for consumers, which is long overdue. Sadly, its likely posturing.

 

https://www.lexology.com/library/detail.aspx?g=7770e7f1-a9ad-4f55-bb6a-61c1eaa16b63

By Credit Life Admin | | Read more
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  • For those of you American Express lovers...

    https://www.cnbc.com/2023/01/27/heres-the-real-reason-why-american-express-gives-out-such-big-rewards.html read more