Christmas is only days away. Even though Christmas is always an expensive time of the year, a new loans.org infographic displays that the cost of Christmas has actually increased over the years. Whether it is Christmas cards, trees, or online shopping, people are generally spending more money than they were in the past (and some are probably wishing they could borrow some money to make up the difference). Here are some of the facts found on the infographic: In 2004, 58 percent of Americans used fake trees instead of real ones. In 2000, the cost to buy each of the items in “The Twelve Days of Christmas” cost over $15,000. In 2012, it cost $25,000.
Latest Loans Infographics
Dec, 19, 2013
Dec, 6, 2013
In the past century, the housing economy has shifted dramatically. Mortgage lending used to be an unsecured investment so it was unavailable to a majority of borrowers. With the advent of the Federal Housing Administration (FHA) in 1936, as well as FNMA (which later became Fannie Mae) and the HOLC and in similar years, the housing market expanded. But the change did not occur overnight. Similar to the many steps required to build a home, creating a stable mortgage lending industry took time.
Oct, 23, 2013
Companies often borrow business loans when they are struggling or need to expand. Unfortunately, some companies end up going out of business because they borrowed too much or had terrible management. In light of Halloween, Loans.org’s latest infographic compares tragic corporate failures with equally terrifying horror movie franchises. But while the former — which were supposed to be profitable and happy enterprises — resulted in horrifying failure, the latter — which were supposed to frightening — resulted in profitable success.
Oct, 2, 2013
Auto title loans are often grouped with payday loans, a highly-contested type of short-term consumer loan. Some states ban auto title loans whereas others offer the loans widely, but the information about each state’s rules is usually hidden or confusing. Loans.org wanted to change that. We conducted research into the state auto title lending laws across the United States. The following infographic reveals this information in a creative and user-friendly manner.
Aug, 20, 2013
What makes personal loan borrowers unique?
Jul, 25, 2013
The law requires payday loan costs to be expressed in yearly terms, even though they only have average lifetimes of two weeks. This yearly cost is referred to as a payday loan’s annual percentage rate, or APR. By forcing lenders to price payday loans based on their APR, consumers looking to borrow a payday loan often have trouble accurately understanding how much interest they will really pay after a normal 14-day term. If everything were priced like payday loans, everyone would have difficulty finding out the true cost of anything.
Jun, 24, 2013
Do you ever wonder how much those custom cars from The Fast and the Furious movies cost? It turns out that while some of them would require very expensive auto loans, others are within your reach! Loans.org researched nine cars from the series that had some of the most powerful custom parts. We found out how much each car’s monthly payment would cost for and 36- and 48-month car loans. We even found out the total interest you would pay on each of those cars over the specified durations.
Jun, 6, 2013
Do you ever wonder what your college education is really worth? Study after study proves that college degrees are a valuable investment. Workers with bachelor’s degrees out-earn those with high school degrees by $1 million over the course of a lifetime. But every degree is not made equal. For financially-savvy borrowers, finding out a degree’s potential return on investment (ROI) can help illuminate the actual cost and value of an education.
May, 16, 2013
Mortgage rates have never been lower — but they most certainly have been higher! This latest infographic takes mortgage loan rates back in time from the last decade, to the 90s and even back to the 80s! It turns out, you could have spent a lot more on your mortgage loan payments in the past than you could or would today. We thought the best way to understand the savings that today’s mortgage loan interest rates brings is by comparing present day costs with the past’s.
Apr, 16, 2013
Payday loans are a highly contested form of consumer lending. Advocate groups fight to protect them while consumer groups work to limit or eliminate them completely. Currently, 12 states have laws that either ban payday loans or have strict lending laws which make them unprofitable in the state. In order to simplify the information, Loans.org compiled a United States map to show the geographical regions with the most regulation. In addition, this infographic provides some history into several states’ legislation and delivers some fun facts about the industry.