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Consumers Expected to Maintain Strong Credit Going into 2020

For the new year, the credit forecast for TransUnion 2020 looks like the credit market will be in good condition. Among other things, TransUnion reports that delinquency rates for car loans, credit cards, mortgages, and unsecured personal loans will decrease or remain stable. US consumers are expected to succeed again in 2020. This has been one of the longest periods of positive sustainable lending in the last few decades. TransUnion (NYSE: TRU) consumer credit estimates for 2020 delinquency rates for car loans, credit cards, mortgages, and unsecured personal loans will decrease or remain more or less the same.

Small Business Debt Under Obama’s Administration

President Barack Obama aims to remind American citizens about the country’s economic u-turn that has occurred as he held office. If you remember in January 2009 people witnessed the free fall of the US economy wherein a lot of Americans lost their jobs and even their homes. Much of this turmoil was caused by a subprime lending problem and a housing bubble. Businesses, as well, went bankrupt and even the once thought invincible US auto companies and powerful US banking system required government bailouts.Read More »Small Business Debt Under Obama’s Administration