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Increasing Household Debt in America Opens Opportunities for FinTech Startups in the Lending Business

Opportunities in various FinTech segments are known to differ. The lending business, however, appears to be among the most promising, especially in the United States, where the aggregate household debt balances increased in Q1 2017 for the 11th consecutive quarter, finally surpassing the Q3 2008 peak of $12.68 trillion.

According to the latest report on Quarterly Report on Household Debt and Credit published by the Federal Reserve Bank of New York, as of March 31, 2017, the total household indebtedness was $12.73 trillion, a $149 billion (1.2%) increase from Q4 2016.

In which areas can FinTech startups help American households ...

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