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Consumer credit loan is a new product under financial innovation, commercial banks are gradually lunching this product to personal and companies for non commercial related personal consumption loan. The lunch of personal consumption loans has created a new debt relationship between individuals and banks to finance each other. After World War II, consumer credit loan has take a important role in the United States economy. Early since the Mid-50, the consumer credit loan the United States has growing rapidly, consumer credit loan has supported many industries, ,meanwhile, changed people’s life in the United States. People who have low income got…

The Bank of England said this Thursday that commercial loans to British businesses remained weak this year and the total value of new corporate lending facilities provided by major the United Kindom financial institutions declined further in April this year. The Bank of England notes in its report of commercial lending trends in the country that a large part of those new lending instruments are refinancing or restructuring in the use of existing instruments. The Bank of England also pointed out that it is still very hard for banks to issue bonds with more than three years of maturity and…

With the development of the United States economy, commercial loans from banks have also increased accordingly. On the one hand, the bank relax the restis the bank to relax the restrictions of the threshold of lending, on the other hand, companies are also seeking more financial support to increase employee’s recruitment or investment of equipment. According to the report of The Wall Street Journal, six large commercial banks, including JP Morgan Chase, Citigroup, Wells Fargo, Bank of America, PNC Bank and US Bancorp, looking form their financial results, commercial loan on the first quarter of this year profit up 8.3%…

According to the latest data released by the Federal Reserve, the total U.S. household debt in the second quarter increased by more than 500 billion U.S. dollars to 12.84 trillion U.S. dollars, equivalent to two-thirds of the current U.S. GDP. It is noteworthy that although the ratio of default to debt is about 4.8%, which is in line with the first quarter, the credit card debt overdue rate has risen significantly. Michael Lebowitz, founder of 720 Global, said: “The U.S. economy has reached the brink of danger. Most consumers, especially the bottom 80%, have already been drained.” “They borrowed all…

The United States is a credit-based country. Perhaps many people do not realize that one of the most common forms of borrowing in their daily lives is the use of credit cards. For many new immigrants, if you just disembarked to the bank to open an account, the bank will also help customers apply for credit cards. Although the beginning of the credit line is not very high, but as long as regular use, adhere to, and preferably on time every month, the credit score will be higher and higher, the credit line will be higher and higher. Quietly think…

Although the expansion rate of the U.S. Internet Commercial loan industry is “slower than that of China”, the pace of development has never stopped. On Friday, the two U.S. Internet Commercial Loans platforms also released “big news.” According to Tencent Technology, Kabbage, a US small business loan platform, was invested by Softbank for 250 million U.S. dollars. Profit from Social Finance, a campus Commercial lending platform in the United States,hit a record high. The CEO hinted at an IPO. Kabbage was founded in 2008, SoFi was founded in 2011, both companies have received Softbank’s investment. Kabbage previously raised $ 236…