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Credit, Economy and Business Finance News

Connect to today’s credit, economy and business finance news from Charter Capital. Get breaking news, updates and reporting on industry news providing small businesses with up-to-date financial information and resources.

Consumer Borrowing up after 11 Straight Monthly Declines

After 11 straight monthly declines, consumer borrowing increased in January, as a boost in auto loans offset continued weakness in credit card borrowing. The Federal Reserve reported that consumer borrowing rose by $4.96 billion (or 2.4%) in January, the largest increase since July 2008. The strength in January came from a 5% increase in borrowing for auto loans and other types of non-revolving debt. Credit cards and other types of revolving credit fell 2.3%, following a 12.9% drop in December. Credit card borrowing has now fallen for a record 16 straight months although the January decline was the smallest since July. The second straight month of increases in auto loans and a slower decline in credit card borrowing signals that consumers are beginning to feel more confident about boosting their spending and increasing debt.

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Date Last Updated: 03/11/2010

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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:

Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices and fund you within 24 hours, so you don't have to wait to get paid.

Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.

Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.

Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new manufacturing businesses as well as those that have been around for years.

Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to  increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.

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