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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Consumers Paying Off More Debt in a Timelier Manner
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Consumers Paying Off More Debt in a Timelier Manner
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Consumers Paying Off More Debt in a Timelier Manner

August 31, 2011 (Shirley Allen)

American consumers continued to pay-off their outstanding debts and delinquency levels continued to improve in the second quarter of 2011 according to the Credit Risk Index (CRI) released by credit monitoring giant TransUnion.

The CRI declined 1.9 percent to 121.22 in the second quarter of 2011 from 123.56 in the first quarter of the year. It was the sixth consecutive quarter that credit risk levels have declined signaling a broad improvement in consumer credit conditions.

“The lengthy, broad and steady decline in the Credit Risk Index, which reflects declines in consumer delinquency and debt levels, has placed the consumer credit market on a firmer footing,” said Chet Wiermanski, global chief scientist at TransUnion. “This responsible use of credit has given some lenders confidence to ease lending standards and invest more in the acquisition of new credit customers.”

TransUnion says that increased lending activity among the banks and finance companies in the past several quarters are showing a healthier balance as consumers with new accounts with higher credit limits are posting lower utilization rates.

Forty-eight states and the District of Columbia experienced at least a 0.76 decline in their credit risk. The index has declined 6.5 percent since reaching its peak of 129.67 in the fourth quarter of 2009.

Mississippi (155.73), Nevada (154.72), and Texas (152.56) had the highest CRI while North Dakota (77.87), Minnesota (86.38), and Vermont (90.06) had the lowest CRI.

The national average for mortgage loans that were 60 days or more delinquent was 5.82 percent in the second quarter, down from 6.19 percent in the first quarter.

The national average for auto loans that were 60 days or more delinquent was 0.44 percent, down from 0.49 in the first quarter, and the national average for credit cards that were 90 days or more delinquent were 0.60 percent, down from 0.74 percent in the first quarter of 2011.

Credit inquiries increased 0.7 percent in the second quarter showing increased demand for consumer credit.

“Lenders are making new credit available to an increasing percentage of consumers, who in turn are conservative with their use of it,” said Wiermanski. “Continued responsible use and repayment of credit by consumers during the rest of 2011 should modestly improve the CRI to levels witnessed just prior to the early stages of the credit and mortgage crisis,” added Wiermanski.

Tags: TransUnion, credit risk, outstanding debt, delinquency rates, credit conditions, lending activity, banks, finance companies, mortgage loans, auto loans, credit cards

Source:
TransUnion

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 31, 2011 (Shirley Allen)

American consumers continued to pay-off their outstanding debts and delinquency levels continued to improve in the second quarter of 2011 according to the Credit Risk Index (CRI) released by credit monitoring giant TransUnion.

The CRI declined 1.9 percent to 121.22 in the second quarter of 2011 from 123.56 in the first quarter of the year. It was the sixth consecutive quarter that credit risk levels have declined signaling a broad improvement in consumer credit conditions.

“The lengthy, broad and steady decline in the Credit Risk Index, which reflects declines in consumer delinquency and debt levels, has placed the consumer credit market on a firmer footing,” said Chet Wiermanski, global chief scientist at TransUnion. “This responsible use of credit has given some lenders confidence to ease lending standards and invest more in the acquisition of new credit customers.”

TransUnion says that increased lending activity among the banks and finance companies in the past several quarters are showing a healthier balance as consumers with new accounts with higher credit limits are posting lower utilization rates.

Forty-eight states and the District of Columbia experienced at least a 0.76 decline in their credit risk. The index has declined 6.5 percent since reaching its peak of 129.67 in the fourth quarter of 2009.

Mississippi (155.73), Nevada (154.72), and Texas (152.56) had the highest CRI while North Dakota (77.87), Minnesota (86.38), and Vermont (90.06) had the lowest CRI.

The national average for mortgage loans that were 60 days or more delinquent was 5.82 percent in the second quarter, down from 6.19 percent in the first quarter.

The national average for auto loans that were 60 days or more delinquent was 0.44 percent, down from 0.49 in the first quarter, and the national average for credit cards that were 90 days or more delinquent were 0.60 percent, down from 0.74 percent in the first quarter of 2011.

Credit inquiries increased 0.7 percent in the second quarter showing increased demand for consumer credit.

“Lenders are making new credit available to an increasing percentage of consumers, who in turn are conservative with their use of it,” said Wiermanski. “Continued responsible use and repayment of credit by consumers during the rest of 2011 should modestly improve the CRI to levels witnessed just prior to the early stages of the credit and mortgage crisis,” added Wiermanski.

Tags: TransUnion, credit risk, outstanding debt, delinquency rates, credit conditions, lending activity, banks, finance companies, mortgage loans, auto loans, credit cards

Source:
TransUnion

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 31, 2011 (Shirley Allen)

American consumers continued to pay-off their outstanding debts and delinquency levels continued to improve in the second quarter of 2011 according to the Credit Risk Index (CRI) released by credit monitoring giant TransUnion.

The CRI declined 1.9 percent to 121.22 in the second quarter of 2011 from 123.56 in the first quarter of the year. It was the sixth consecutive quarter that credit risk levels have declined signaling a broad improvement in consumer credit conditions.

“The lengthy, broad and steady decline in the Credit Risk Index, which reflects declines in consumer delinquency and debt levels, has placed the consumer credit market on a firmer footing,” said Chet Wiermanski, global chief scientist at TransUnion. “This responsible use of credit has given some lenders confidence to ease lending standards and invest more in the acquisition of new credit customers.”

TransUnion says that increased lending activity among the banks and finance companies in the past several quarters are showing a healthier balance as consumers with new accounts with higher credit limits are posting lower utilization rates.

Forty-eight states and the District of Columbia experienced at least a 0.76 decline in their credit risk. The index has declined 6.5 percent since reaching its peak of 129.67 in the fourth quarter of 2009.

Mississippi (155.73), Nevada (154.72), and Texas (152.56) had the highest CRI while North Dakota (77.87), Minnesota (86.38), and Vermont (90.06) had the lowest CRI.

The national average for mortgage loans that were 60 days or more delinquent was 5.82 percent in the second quarter, down from 6.19 percent in the first quarter.

The national average for auto loans that were 60 days or more delinquent was 0.44 percent, down from 0.49 in the first quarter, and the national average for credit cards that were 90 days or more delinquent were 0.60 percent, down from 0.74 percent in the first quarter of 2011.

Credit inquiries increased 0.7 percent in the second quarter showing increased demand for consumer credit.

“Lenders are making new credit available to an increasing percentage of consumers, who in turn are conservative with their use of it,” said Wiermanski. “Continued responsible use and repayment of credit by consumers during the rest of 2011 should modestly improve the CRI to levels witnessed just prior to the early stages of the credit and mortgage crisis,” added Wiermanski.

Tags: TransUnion, credit risk, outstanding debt, delinquency rates, credit conditions, lending activity, banks, finance companies, mortgage loans, auto loans, credit cards

Source:
TransUnion

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS