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Credit card companies increase their charge-offs of bad loans – While the job market is steady and the economy continues to grow, there’s growing evidence consumers are having difficulty keeping up with their credit card payments. An analysis by Bloomberg.
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Consumers may lose protections in proposed payday lending changes – Payday lending. It’s an enormous industry that charges exorbitant interest rates for quick loans – usually to people with poor credit ratings. Last week, the Consumer Financial Protection Bureau moved.
Exclusive: Turkey presses banks to agree high-stakes bailout of bad energy loans – ISTANBUL (Reuters) – Turkey’s plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from. can weigh on the sovereign credit,” Parker said. The working plan Albayrak.
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Wall Street Sees No Evil as Junky Loans Surpass $1.3 Trillion – The Federal Reserve is sounding alarms on the growing risks from loans to companies with poor credit ratings. So are the International Monetary Fund, Standard & Poor’s, Fitch Ratings and U.S. Senator.
Four scenarios where an SBA loan may be perfect for your small business – The Small Business Administration (SBA) was created in 1953 to assist banks making loans in certain situations where they might not otherwise. While the SBA cannot overcome a lack of repayment ability.
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