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Archive for September, 2008

Personal loans

Tuesday, September 30th, 2008

Relief for battered borrowers - Standard

Relief for battered borrowers
Standard, Kenya - Sep 28, 2008
By John Njiraini After being lured to take up personal loans by commercial banks, the reality is now sinking for many people that servicing a loan is not as

FSA to act on loans protection insurance - Reuters UK


MSN Money UK
FSA to act on loans protection insurance
Reuters UK, UK - 13 hours ago
Firms may wish to consider stopping selling single-premium PPI sold alongside unsecured personal loans," Managing Director of FSA's Retail Markets,
City watchdog to clamp down on loan insurance Times Online
FSA investigating PPI MyFinances.co.uk
all 52 news articles

Bear market for personal responsibility - Boston Herald


ABC News
Bear market for personal responsibility
Boston Herald, United States - 12 hours ago
And now we’re bailing out banks because they made loans to people who feel no duty to repay them. This failure of personal responsibility has led to the
Yes, it is necessary to prevent an economic collapse Town Hall
At-risk lawmakers vote 'no' on $700B bailout Kansas City Star
all 1,278 news articles

Loans to renovate your home - Sify


Sify
Loans to renovate your home
Sify, India - Sep 27, 2008
Home-improvement loans might help you meet the renovation costs, and that too at interest rates lower than those applicable on personal loans.

Kerry predicts Senate will take lead on bailout - BusinessWeek


Ninemsn
Kerry predicts Senate will take lead on bailout
BusinessWeek - 6 hours ago
without a package like the $700 billion one defeated this week by the House, more average consumers won't be able to get business or personal loans.
Paulson May Find Turmoil Helps Renew Push for Bailout (Update1) Bloomberg
Gingrich on Bailout Bust: 'I Don't See How the President Can Avoid FOXNews
Brian Watson: Latest crisis shows my government must regulate Wall The Salem News
WOKV - WOKV
all 795 news articles

US bail-out: What will happen if the deal is not implemented - Telegraph.co.uk


Telegraph.co.uk
US bail-out: What will happen if the deal is not implemented
Telegraph.co.uk, United Kingdom - 9 hours ago
If the US bail-out is not approved, the first individuals to feel the pain would be people with unsecured debts: interest rates on personal loans like
Will bailout also help Main Street? IdahoStatesman.com
all 513 news articles

Personal responsibility, market turmoil and the US bailout - Moneyweb


China Daily
Personal responsibility, market turmoil and the US bailout
Moneyweb, South Africa - 15 hours ago
People with sketchy employment and poor investment sense took out massive interest-only mortgage loans that they could never hope to pay back.
Video: Stocks Jump After Steep Sell-off AssociatedPress

Despite today's market gains, investors still nervous KTKA.com
Stocks tumble as bailout plan fails in House The Associated Press
IdahoStatesman.com
all 1,668 news articles

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Personal loans

Tuesday, September 30th, 2008

Credit Crunch Dampening Student Loans - WRVA

Credit Crunch Dampening Student Loans
WRVA, VA - 56 minutes ago
"The credit crisis has had a tremendous impact on student loans," Keith Alliotts, of TuitionBids.com, told the New York Post. Economic News: Get the latest

The Bank Deals Provide Some Insight Into Bad Loans - FOXBusiness


Wall Street Journal
The Bank Deals Provide Some Insight Into Bad Loans
FOXBusiness - 23 hours ago
By Brian Sullivan The JP Morgan/Washington Mutual and Citigroup/Wachovia deals may provide some valuable insight into the illness of the loan market.
Video: Citi aqcuires Wachovia banking ops ReutersVideo

Citigroup Rescues Wachovia's Bank Unit as Stock Spirals Down Bloomberg
Homeowners at Risk of Foreclosure Get Help Examiner.com
World Socialist Web Site - The Birmingham News - al.com
all 2,382 news articles

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek


Town Hall
Community Reinvestment Act had nothing to do with subprime crisis
BusinessWeek - 9 hours ago
But it’s even more ridiculous when you consider that most subprime loans were made by firms that aren’t subject to the CRA. University of Michigan law
Low Income Borrowers Made Scapegoat Amid Crisis The Washington Independent
Bill Clinton Fibbing on Fannie … Town Hall
WALL STREET MELTDOWN: CONSERVATIVES BLAME ''MINORITIES'', WEEK OF The Wilmington Journal
Minnesota Independent - Progress Illinois
all 29 news articles

Federal loans to automakers could flow in 6 months - Chicago Sun-Times


PhysOrg.com
Federal loans to automakers could flow in 6 months
Chicago Sun-Times, United States - 21 hours ago
The Energy Department, which will parcel out the 25-year loans, says it will take at least six months and possibly up to 18 months to get the program
Financial crisis chokes GM's September sales Ottawa Citizen
Wagoner says GM OK with $25B gov't loan package International Herald Tribune
all 430 news articles

More official inaction: Vehicle title loans - Vancouver Sun

More official inaction: Vehicle title loans
Vancouver Sun,  Canada - 6 hours ago
The province is inching closer to regulations that will cap — whether tightly or loosely is anybody's guess — the maximum interest rate on payday loans.

Automaker loans can have statewide benefit - Battle Creek Enquirer


Washington Times
Automaker loans can have statewide benefit
Battle Creek Enquirer, MI - 5 hours ago
The deal will allow the Energy Department to provide 25-year loans at an expected interest rate of 5 percent to General Motors Corp., Ford Motor Co. and
Passed by Congress, $25B Automaker Loan Bill Heads to Bush New York Sun
Loan ranger Grist Magazine
Automaker Bailout Appears Imminent; Detroit May Ask for More U.S. News Rankings & Reviews
Staunton News Leader - Muskegon Chronicle - MLive.com
all 582 news articles

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Bad credit

Monday, September 29th, 2008

For Major Investor, Wall Street's Crisis Raises Questions and … - Washington Post

For Major Investor, Wall Street's Crisis Raises Questions and
Washington Post, United States - 14 hours ago
Credit cards, auto loans, small-business loans, home equity loans — every form of credit would be affected, he had said. He had added that the best time to

Premarket roundup: Ticketmaster, auto retailers - CNNMoney.com

Premarket roundup: Ticketmaster, auto retailers
CNNMoney.com - 1 hour ago
DETROIT (AP) _ Passage of a $25 billion government loan program on Saturday should be good news for auto stocks, but concerns remain that continued tight

US Moves Ahead on Loans To Develop Fuel-Efficient Cars - Wall Street Journal

US Moves Ahead on Loans To Develop Fuel-Efficient Cars
Wall Street Journal - 11 hours ago
By JOSH MITCHELL WASHINGTON — The US Congress moved Saturday to provide $25 billion in low-interest loans to the auto industry as part of an initiative to

Entrepreneurs May Hold Key to Pricing Troubled Assets and … - Ad-Hoc-News (Pressemitteilung)

Entrepreneurs May Hold Key to Pricing Troubled Assets and
Ad-Hoc-News (Pressemitteilung), Germany - 5 hours ago
GDNAuto provides auto dealers and financial institutions with a fast, efficient and secure way to auction the auto loans they originate to financial

Science news straight from the source - ScienceBlog.com

Science news straight from the source
ScienceBlog.com, CA - 8 hours ago
If bad credit car loans candidates go out in market only one or two lenders come forward to offer an auto loan, for them online financing can be a great

Ahead of the Bell: Car makers and govt. loans - CNNMoney.com

Ahead of the Bell: Car makers and govt. loans
CNNMoney.com - 2 hours ago
NEW YORK (Associated Press) - Passage of a $25 billion government loan program on Saturday should be good news for auto stocks, but concerns remain that

MAZDA TO DROP FORD AUTO FINANCE FIRM FOR JPMORGAN UNIT IN US - Trading Markets (press release)

MAZDA TO DROP FORD AUTO FINANCE FIRM FOR JPMORGAN UNIT IN US
Trading Markets (press release), CA - 11 hours ago
Mazda will entrust Chase Auto Finance to provide financing for US dealerships as well as for customers leasing autos or taking out auto loans.

Tougher credit market compounds auto industry woes - International Herald Tribune


Washington Times
Tougher credit market compounds auto industry woes
International Herald Tribune, France - Sep 26, 2008
"We've gotten to the point now where only those with unblemished, flawless credit are getting approved for auto loans," said Joe Barker, senior manager of
UPDATE 1-US lawmakers confident $25 bln auto loans will pass Reuters
US DOE, Lawmakers At Odds Over Timing Of Auto Loans EasyBourse.com
Pressure mounts to aid auto sector Financial Post
Edmunds.com/Inside Line - Only Finance
all 573 news articles

Tighter Terms for Car Loans Promise To Deepen Troubles for … - Wall Street Journal

Tighter Terms for Car Loans Promise To Deepen Troubles for
Wall Street Journal - 11 hours ago
By JOHN D. STOLL The increasing inability of car buyers to find financing for new automobiles is adding to concerns hanging over a US auto industry that has

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Bad credit

Monday, September 29th, 2008

Rate Watch: the best rates for mortgages, savings, personal loans … - CityWire.co.uk


Times Online
Rate Watch: the best rates for mortgages, savings, personal loans
CityWire.co.uk, UK - Sep 26, 2008
By Lorna Bourke | 14:34:00 | 26 September 2008 Turmoil in the money markets has forced up the rate at which mortgage lenders fund home loans, and homebuyers
Remortgagers should make haste as Libor rises Finance Markets
all 241 news articles

Bank of Baroda to focus more on fee-based income - Hindu Business Line


Hindu Business Line
Bank of Baroda to focus more on fee-based income
Hindu Business Line, India - 20 hours ago
The only deceleration is on account of consumer and personal loans and real estate sector. Here, perhaps more than the demand coming down, banks have been

British bank goes belly up - Sydney Morning Herald


Boston Globe
British bank goes belly up
Sydney Morning Herald, Australia - 1 hour ago
In return, the Government will get rights to any gains as Bradford & Bingley sells remaining assets, including mortgage loans, personal loans and its
Sub-prime – World holds breath waiting for US decision Chase Cooper Regulatory News
Financial crisis hits Fortis European Voice
all 529 news articles

Bradford & Bingley Is Seized; Santander Buys Branches (Update2) - Bloomberg


CBS News
Bradford & Bingley Is Seized; Santander Buys Branches (Update2)
Bloomberg - 6 hours ago
In return, the government will get rights to any gains as Bradford & Bingley sells off remaining assets, including mortgage loans, personal loans and its
Bradford & Bingley to be nationalized: reports MarketWatch
UK government nationalizes Bradford & Bingley WOKV
all 194 news articles

Avoid This Appalling Loan Rip-Off! - Motley Fool UK

Avoid This Appalling Loan Rip-Off!
Motley Fool UK, UK - Sep 26, 2008
Recently, in Will Loans Get Cheaper?, I reported that interest rates on personal loans have risen by at least a third since early 2007.

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Loans

Monday, September 29th, 2008

Tight credit becomes problem for small-business owners - USA Today

Tight credit becomes problem for small-business owners
USA Today - 13 hours ago
And unless the rescue bill frees up credit, they'll likely find it harder to get federally guaranteed loans. Small businesses employ 116 million workers and

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Loans

Sunday, September 28th, 2008

Tougher credit market compounds auto industry woes - International Herald Tribune


Washington Times
Tougher credit market compounds auto industry woes
International Herald Tribune, France - Sep 26, 2008
"We've gotten to the point now where only those with unblemished, flawless credit are getting approved for auto loans," said Joe Barker, senior manager of
US DOE, Lawmakers At Odds Over Timing Of Auto Loans EasyBourse.com
UPDATE 1-US lawmakers confident $25 bln auto loans will pass Reuters
Pressure mounts to aid auto sector Financial Post
MLive.com - Edmunds.com/Inside Line
all 553 news articles

Only 2 Minutes! Low Interest Auto Loan announced by … - 1888 Press Release (press release)

Only 2 Minutes! Low Interest Auto Loan announced by
1888 Press Release (press release), TX - 19 hours ago
2MinuteAutoLoans.com announced low interest auto loan which will help us to find out perfect finance solution for our loan need.

A nation of debtors - Globe and Mail


Globe and Mail
A nation of debtors
Globe and Mail, Canada - 8 hours ago
TransUnion, a credit tracking agency, said this week that the number of US auto loans that were past due more than 60 days rose 11.5 per cent in the second

• Auto loan under radar - The Saginaw News - MLive.com

Auto loan under radar
The Saginaw News - MLive.com, MI - Sep 26, 2008
Martin said the auto industry's loan is a bit under the radar for two reasons: 1) it is a loan and not a bailout, and 2) it is far less than what Wall

Bill Heard dealerships took risky road - Atlanta Journal Constitution


Tampabay.com
Bill Heard dealerships took risky road
Atlanta Journal Constitution,  USA - 2 hours ago
Car dealers such as Heard collect significant fees for arranging high-interest subprime auto loans, Sheldon said. He and other analysts said those fees
UPDATE: Major GM Dealer Bill Heard Goes Out Of Business CNNMoney.com
Car Dealers Work To Lure Customers WXIA-TV
GM’s Top-Selling Chevy Dealer Out of Business Ward’s Auto (subscription)
Tampa Tribune - Tampabay.com
all 341 news articles

Hispanic Americans charged more for car loans - Daytona Beach News-Journal

Hispanic Americans charged more for car loans
Daytona Beach News-Journal, FL - 21 hours ago
"One of the most important steps Hispanic-Americans can take to lower auto loan rates is to call or visit their credit union for a rate quote before going

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Bad credit

Sunday, September 28th, 2008

Mortgage rates climb as squeeze tightens - Globe and Mail


BBC News
Mortgage rates climb as squeeze tightens
Globe and Mail, Canada - 22 hours ago
Moody's Economy.com estimates 10 million, or two-thirds, of shaky mortgage loans made from 2004 to 2007 will end up in default. It's a global issue,
Libor Stays Near Eight-Month High as US Bailout Talks Stall Bloomberg
Canadian Mortgage Rate Hikes Signal Banks' Risk Aversion CEP News
Uncertainty Leads to Jump in Interest Rates MortgageNewsDaily.com
The Market Oracle - Euromoney Magazine
all 131 news articles

Foreclosure Rates in Billings Increase - Big Sky Business Journal

Foreclosure Rates in Billings Increase
Big Sky Business Journal, MT - 19 hours ago
According to recent data from First American CoreLogic on foreclosures for the Billings area, the rate of foreclosures among outstanding mortgage loans is
Missoula seeing more foreclosures KPAX-TV
all 2 news articles

Credit crisis: Melting pot of problems - Atlanta Journal Constitution

Credit crisis: Melting pot of problems
Atlanta Journal Constitution,  USA - Sep 26, 2008
The lending frenzy developed during the past few years, a period during which banks and thrifts made less than 25 percent of mortgage loans.
CJ hypocrisy? Louisville Courier-Journal
all 24 news articles

WaMu Failure Shakes Seattle, From Shareholder to Job Seeker - Bloomberg


Wall Street Journal
WaMu Failure Shakes Seattle, From Shareholder to Job Seeker
Bloomberg - 11 hours ago
After surviving two world wars and the Great Depression, the thrift foundered because of bad mortgage loans. “I'm not too happy,'' said Kelli Aggerbeck,
Video: Wall Street watches Washington ReutersVideo

WaMu becomes biggest bank to fail in US history The Associated Press
JP Morgan Bets on the Consumer Wall Street Journal
Inman.com - guardian.co.uk
all 3,525 news articles

Hong Kong Aug new mortgage loan approvals down 27 pct vs July - Forbes

Hong Kong Aug new mortgage loan approvals down 27 pct vs July
Forbes, NY - Sep 26, 2008
HONG KONG (XFN-ASIA) - New mortgage loans approved by 23 authorized institutions in Hong Kong in August stood at 13.5 bln hkd, down 27 pct from July,

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