borrowers

Credit Card Delinquency Rates Rising Again

Although credit card delinquency rates still hover near record lows, more consumers are starting to fall behind on their payments. The rate rose 0.71% in the third quarter, the first time it has moved up since 2009.

How 'Short-Term' Payday Loans Cause Long-Term Woes

A new report from the Center for Responsible Lending paints a seriously depressing picture of the damage the payday loan industry wreaks on its customers. What's worse is that the report actually understates the grim reality facing payday borrowers today.

Peering Into the Peer-to-Peer Lending Boom

For those who can't get bank loans, the new business of peer-to-peer lending can be a lifesaver. Internet companies connect people who need to borrow with individuals willing to lend to them directly -- for a fair profit, of course. Here's how it all works.

Borrowing Trouble at Microlender Prosper.com

Peer-to-peer lending site Prosper.com has stopped letting high-risk borrowers use its site because too many of them failed to repay their loans. The site's problem, says columnist and one-time lender Alex Salkever, is that Prosper got in the way of letting a social bond form between microborrower and microlender.