Vehicle loan refi for individuals with bad credit can be a smart financial move, especially if you’re struggling with high interest rates due to a less-than-ideal credit score. Many other people are in the same boat as you and find themselves with poor rates on their existing auto loan terms and high car loan payments. …
A cash advance loan is a high-risk short-term loan obtained to cover small expenses, such as home or car repair, medical bills, utilities, rent, or various unforeseen costs. As a rule, individuals apply for this financing option through online lenders, which help avoid dealing with a lot of documentation. A cash advance loan online is …
Abstract How can the Fed make monetary policy serve main street as well as Wall Street? Thomas Palley argues that the Fed needs to develop new tools to offset the issues caused by low-interest rates to mitigate risks to economic stability without hurting growth. In a famous 1955 speech, William McChesney Martin, the legendary Chairman …
Abstract In a joint conference with the St. Louis Federal Reserve, Center for Household Financial Stability, we examine the micro-economics and demographic of household debt in America. Special Report Tipping Points: Mapping and Understanding the Impact of Debt on Household Financial Well-Being and Economic Growth Original Conference Held: June 9, 2016 The Private Debt Project …
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The Norwegian economy scores well above most other developed countries in measures of quality of life and governance. It is considered to be one of the best countries to live in, with a high level of life quality, low inequality and a sound welfare state. High oil exports are taxed by the government at a marginal rate …
Abstract This paper will explore the ideas that money is created by debt, and that new money is necessary for economic growth, and that therefore, absent calamity, debt will always grow faster than GDP. The implication of this is that the trend toward over-indebtedness is intrinsic to current economic systems. Strange things are happening to …
A personal loan is a long-term unsecured loan. A personal loan allows the borrower to get a large amount for an extended period. It usually has fixed interest rates and fixed monthly payments. A personal loan is universal. It can be taken for any borrower’s needs, such as home renovation, medical bills, weddings, or vacation …
A home equity loan is a type of the second mortgage. This is a secured loan with the borrower’s house as collateral. By choosing such a loan, the borrower receives a one-time large amount of money. The home equity loan amount reaches up to 85% of the house’s market value. The borrower can use the …
A mortgage is a loan for buying real estate. This is a long-term loan in which the acquired property acts as collateral. When applying for a mortgage, the borrowers must ensure a high credit score and sufficient funds for the down payment. Mortgage applications go through a rigorous underwriting process before they reach the closing …
Abstract Some of the best research on private debt. Lord Adair Turner’s book is an examination of why those who were in charge of regulating the global financial system, including himself, got it so wrong in 2008: they ignored the destabilizing effect played by private debt. In his book, Turner outlines the latest research on …
