The years of 2016 and 2017 meant loans worth £37bn for UK households, as shown by the UK Finance’s published data. This also means a growth of four times faster than the wages – which means that loans now stand at an outstanding value. While the Financial Conduct Authority (FCA) has stated that most of the loans involved people that ...

Personal loans are United States’ fastest-growing consumer-lending category, as they have reached a new record this year. Data from TransUnion credit bureau shows a significant rise of about 18%, this only during the first four months of the year, reaching the sum of $120 billion. The data also shows that Fintech companies represent 36% of total personal loans, in the ...

As FitSmallBusiness.com, the digital business publication, established in a recent study, it’s all about the gig economy now.  Freelancers contribute nearly $1.4 trillion every year to the national economy, and it’s projected that nearly 43 percent of the U.S. workforce will be represented by gig economy jobs in the year 2020 – proving that “gig” is not only here to stay, it will continue ...

According to Experian, a consumer credit reporting agency, the first part of 2018 is marked by a record sum for the average monthly loan payment for a new vehicle. This increase, that has reached the sum of $523, is a result of the rise in interest rates. Besides the new standard for the average monthly loan payment for a new ...

The two main messages from today’s jobs report are that both employment and the labor force are still continuing to grow rapidly even though a low unemployment rate means fewer workers are on the sidelines than before. The US labor market added 213,000 jobs in June and the figures for May and April were both revised up. It is now ...

Private sector employment increased by 177,000 jobs from May to June according to the June ADP National Employment Report®.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

Business Activity Index at 63.9% New Orders Index at 63.2% Employment Index at 53.6% Economic activity in the non-manufacturing sector grew in June for the 101st consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey ...

Rates rise 17 percent since January as automakers curtail zero percent financing offers  Auto loan interest rates are expected to climb to their highest level since 2009 for the second month in a row in June, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 5.82 percent in June, compared to ...

Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced that its shareholders have approved two proposals to allow for the issuance of DPS common stock pursuant to the previously announced Agreement and Plan of Merger, dated as of January 29, 2018 (the “Merger Agreement”), by and among DPS, Salt Merger Sub Inc. and Maple Parent Holdings Corp., the parent company of Keurig ...

Monthly rent for two and three-bedroom homes are appreciating 2.8 percent annually, which is faster than one-bedroom homes and the nation as a whole Rent growth among two and three-bedroom homes are appreciating faster than one-bedroom units and the nation as a whole Rent prices rose 2.8 percent over the past year among both two-bedroom and three-bedroom homes. Median rent ...

In the market for a job where you can make a good living without a college degree? CareerBuilder published a new hot list that might just be for you. This list is for you if you are looking for a job that: pays ~$20 or more per hour has grown over the last five years is projected to grow over the next ...

Housing demand increased 7.4% in May according to the Redfin Housing Demand Index just released. The rise was driven by a 6.3 percent increase in the number of homebuyers requesting tours, and a 9.7 percent increase in the number making offers on homes from April to May. The Demand Index is based on thousands of Redfin customers requesting home tours and ...

The Kroger Co. (NYSE: KR) and Home Chef, the country’s largest private meal kit company, today finalized a deal that will make Home Chef the newest addition to the Kroger family of companies. The deal will significantly accelerate the availability of meal kits and position the combined company to lead the way in revolutionizing how families shop for, prep, and cook ...

A report released Thursday finds that American household debt is currently on pace to exceed the prior peak debt level from 2008 by the end of June, primarily due to non-mortgage consumer debt. LendingTree’s Consumer Debt Outlook for June 2018, an anlysis of the latest Federal Reserve data, found that mortgage-related household debt has actually fallen by 5.5 percent while total consumer credit – a ...

Monthly mortgage payments on the typical U.S. home required 17.1 percent of the median income in Q1 2018. From 1985 to 2000, mortgage payments took up an average of 21.1 percent of the median income. Mortgage payments are a bigger financial burden than they were historically (1985-2000) in nine of the 35 biggest U.S. metros. San Jose, Calif. has the ...