Loans

The Truth of Why Americans are in so Much Debt | Times Square Chronicles

The Truth of Why Americans are in so Much Debt<p>Let us face facts, Millennials are the face of America these days and including them, most Americans …

Times Square

Diesel drivers face being hit with huge bills as first figures show used car prices are flatlining

Hundreds of thousands of diesel car drivers could find themselves trapped in finance deals they cannot afford, as data suggests Government policy is hitting the value of their cars for the first time.<p>Car sales data has revealed that used diesel car values have fallen below used petrol car values …

Electric Vehicles

Car-Mageddon Is In Play: Use Options To Limit Downside And Catch The Upside

The vehicle market is worsening. After years of booming car sales and steady car prices, it has now turned and will worsen from here.<p>Subprime lenders …

Business

What happens to your debts after you die?

Have you ever wondered what happens to your debts after you die? Do they disappear, transfer to others, or settle into a form of debt purgatory? …

Credit Card Debt

bxblue wants to move payroll-secured loans online in Brazil

Payroll-secured loans are a $40 billion a year business in Brazil, but that business largely happens offline. A startup in Y Combinator called bxblue wants to change that by creating a marketplace for borrowers to evaluate multiple loan options all in one place.<p>In Brazil, one of the more popular …

YCombinator

This One Move Could Save You Almost $3,000 on Some Student Loans

Here's how the savings add up.<p>It may seem obvious that you should do some basic comparison-shopping before committing to a student loan. A new …

Mortgages

Understanding Student Loans: 7 Things You Need to Know Before Taking Them Out

It’s no shock that college is crazy expensive. I think about our young children, and I shudder at the idea of what college will be like when it comes …

Students

Loans Body Warns Tanzanian Students Against Forgery

Loans Body Warns Tanzanian Students Against ForgeryApplicants for tertiary study loans have been warned against forgery following the discovery of …

Irish Banks Said to Face European Pressure to Write Off Loans

Irish banks are set to face mounting pressure from regulators to write off bad loans, a person familiar with the matter said.<p>European authorities …

Business

Rob Stock: The nightmare of negative equity

Some people who bought recently now own homes worth less than they paid for them.<p><b>OPINION:</b> Has the crash finally started?<p>Barfoot and Thompson's July …

Mortgages

Education Loans: Shortcoming Of Jobs, Industry Hesitates

Masters degree in any course, any institution is surpassing the level of affordability for majority of the public. If there are no saved sacks of …

Education

IFC, Ecobank, BOI on the hook as Tantalizers stares at Liquidation

The trio of Ecobank International, Bank of Industry and IFC may have taken or have to take a provision on over N2 billion loans due from Tantalizers. …

Finance

Mortgage debt almost doubles for home owners under 40, study reveals

The Melbourne Institute of Applied Economic and Social Research undertakes the survey every year. It’s Australia’s only nationally representative …

Mortgages

There Is No Magic Solution To Your Underwater Car Loan

It’s unfortunate that some people get buried in debt. I frequently get emails from folks underwater on their car loans and most are hoping for some …

Mortgages

AIB profits rise 12% as bank ‘re-estimates’ restructured loans

Operating profit hits €814m as level of bad loans falls to €7.8bn from 2013 peak of €29bn<p>Thu, Jul 27, 2017, 07:19 Updated: Thu, Jul 27, 2017, …

Economy

EastWest ties up with PLDT unit

Gotianun-led EastWest Banking Corp. has teamed up with FINTQ, the technology arm of PLDT and Smart’s Voyager Innovations, to offer consumer loans …

FinTech

4 costly mistakes people make when buying cars

You may be throwing thousands out the window by doing this stuff<p>Pump the brakes on these behaviors.<p>About 17.5 million cars were sold last year, and …

Money

Like magic, US students owing $5 billion of debt might suddenly owe nothing

Some lucky Americans are finding that their huge piles of student debt may not actually exist. All thanks to a fluke in paperwork, rather than politics or beneficence.<p>The National Collegiate Student Loan Trusts are a collection of trusts that together comprise one of the US’s biggest owners of …

Students

These 13 cities have the biggest scars from the housing crash

Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets still showing scars from the housing crash.<p>"Roughly half of American wealth is held in home equity," wrote Zillow Chief Economist Dr. Svenja Gudell in a press release. "Paying off the home mortgage …

Mortgages

Missing paperwork could make $5B in student debt disappear

Student loans haunt college graduates long after they receive their diplomas, but due to missing paperwork, $5 billion of loan debt could be wiped …

Lifestyle

$5 billion in student loans may be dismissed because the lender lost the paperwork

Billions of dollars in student loans may be wiped out for tens of thousands of borrowers in the US because a lender didn't keep track of the …

New York Times

372% rates? California rebound can’t thwart high-cost lending

One might think the purported strength of the California economic recovery would translate to fewer folks using various high-cost lenders.<p>But one …

Finance

Subprime Auto Loans Up, Car Sales Down: Why This Could Be Good For Gold

Shutterstock<p>The latest monthly motor vehicle sales report released on July 3 paints a grim picture for U.S. car sales. Overall June sales dropped by 3% compared to June of last year—the sixth successive month of lower year-over-year sales.<p>General Motors, Ford and Fiat Chrysler were among the …

Wells Fargo

Need to Borrow for Your Child’s College? Here’s What You Need to Know About the Most Popular Options

Rising interest rates and new private-market loans mean the math looks different this year.<p>This is the time of year when colleges send out their …

Mortgages

China June new yuan loans rise, but credit growth seen slowing

BEIJING (Reuters) - Chinese lenders extended more credit than expected in June, as home lending stayed buoyant while a clampdown on shadow financing …

Economy

Here’s what happens to your car loan if interest rates rise

Interest rates will likely rise on Wednesday, July 12 at 10 a.m. That’s when most economists expect the Bank of Canada will raise its key rate from …

Mortgages

At €4,000 a month, my property earns more than I do

But we’ve been here before – it’s best not to be seduced by these numbers<p>Sat, Jul 8, 2017, 00:00<p>Einstein famously said that the definition of …

Real Estate

The perfect storm

The perfect storm. It’s here. A little later than anticipated, but as forecastThe nation’s largest real estate market is in the midst of a disorderly …

Real Estate

Rate hike won’t dent vehicle loans, sales

A looming increase in the Bank of Canada’s benchmark interest rate is not expected to have a significant short term impact on vehicle borrowing costs …

Canadian News

Why some car buyers opt to lease instead

Car shoppers are becoming more eager to lease than to buy cars, according to recent data. More than a third of all new-car owners leased rather than bought in 2016.<p>But the statistics don't tell the whole story. Many car shoppers don't set out to lease a new car, but once they run the numbers, …

Business