A new study of American debt by Spinwheel shows Americans are carrying record levels. The danger increases as they add multiple debt types. Spinwheel analyzed $2.9 billion in consumer debt from more than 20,000 borrowers between November, 2025 and this May. Simply adding one debt… Read More
Read more in: General News | Tagged auto loans, consumer debt, credit cards, Jessica Kendall, spinwheel, student loans
Equifax has indicated that US consumer debt climbed to an unprecedented $18.19 trillion by March 2026, according to the latest insights from Equifax’s Market Pulse First Quarter U.S. Consumer Credit Trends report. This figure marks a 2.8% increase from the previous year, highlighting sustained borrowing… Read More
Read more in: Fintech, Global | Tagged consumer debt, equifax, research
LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the 29th edition of the Reality Check: Paycheck-To-Paycheck research series. The Credit Card Use Deep Dive Edition examines “the financial lifestyles of U.S. consumers and explores how… Read More
Read more in: Fintech, General News | Tagged consumer debt, credit cards, financial management, financial planning, lendingclub, research, survey, united states, us
Array announced the launch of Debt Manager, an embeddable solution that provides real-time information on a consumer’s debt. This new app “allows financial institutions, fintechs, and digital brands to speed up information sharing during the lead qualification or debt management process, mitigate borrower risk and… Read More
Read more in: Fintech | Tagged array, consumer debt, debt, debt management, integration, martin toha, real-time data
Promise, a company that helps users pay off debts, has raised a $25 million Series B round, the company confirmed today. The deal values the company at north of $520 million. The company’s technology allows people to pay bills issued by governments and utilities in… Read More
Read more in: Fintech | Tagged consumer debt, Howard Schultz, Phaedra Ellis-Lamkins, promise, series b, y combinator
Canadian marketplace lending platform LendingArch announced on Wednesday it has further expanded into the U.S. by expanding its Consumer Debt Division Nationwide throughout all 50 states. According to LendingArch, the LendingArch Consumer Debt Division is focused on helping Americans lower or eliminate their… Read More
Read more in: Investment Platforms and Marketplaces, Canada | Tagged canada, consumer debt, expansion, fintech, lendingarch
WalletHub has published their Credit Card Debt Study that shows a dramatic increase in household indebtedness – specifically in credit card debt. According to the report, US consumers cranked up on credit during Q2 of 2016 generating $34.4 billion in debt. This is the largest Q2… Read More
Read more in: General News | Tagged consumer debt, marketplace, p2p, peer to peer, wallethub
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