Installment Debt Booms, Revolving Debt Drops

Installment debt is starting to make its mark on the American economy. While revolving debt (another way of saying “credit card debt”) continues to decline, more and more people are turning to installment loans for their financial needs. Once you understand the difference between installment debt and revolving debt, you will immediately recognize why this…

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Fintech is Changing the Financial World

Although banks used to be necessary for society to survive, now they have become outdated. Buried in excessive regulation and red tape, the big banks have difficulties in providing fast, efficient customer service. The cutting edge alternative to these outmoded institutions is called financial technology… or fintech. Fintech is an industry based around using new…

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