Eight steps to fix your broken credit
Tags: DEBT; DEBTOR & creditor; MONEY; INTEREST rates; MONEYLENDERS
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The article reports that a 3.75 annualize interest rate will be paid by California IOUs to the creditors who received them. The interest rate is tax-exempt and Pooled Money Investment Board scheduled the start of the IOU issuance. It states that the IOUs will be issued to those creditors who do...
- Devils of Adversity. // Saturday Evening Post;6/17/1933, Vol. 205 Issue 51, p20
Focuses on the relations between creditors and debtors in the U.S. Allegations against creditors; Amount that would be transferred from creditors to debtors; Measure taken by the government to facilitate settlements between debtors and creditors.
- Credit worthies. Mulholland, Stephen // Finweek;10/23/2008, p26
The article discusses the issue concerning the growth of debt in the U.S. The author states that the issuance of loans to any person by lenders, regardless of their ability to pay has contributed to the rise of debts in the country. He suggests that evaluating the affordability of the loan and...
- Brokers needed to navigate fees maze. Gallagher, Rosemary // Mortgage Strategy;9/10/2007, p34
The article reflects on the continuous imposition of sneaky fees by lenders despite the sub-prime crisis in Great Britain. Borrowers are being charged inconsistency and more clients are struggling to meet repayments due to the rising interest rates. She emphasizes that lender would better...
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The article focuses on the different categories of subprime borrowers in the U.S. The latest delinquency rate among the group of borrowers who are categorized as subprime is 22%. Categories that can be defined in the universe of borrowers classified as subprime are as follows: former primes,...
- UPFRONT. // Hispanic;Aug/Sep2009, Vol. 22 Issue 5, p16
The article offers information about peer-to-peer lending or social lending. The two basic forms of peer-to-peer lending are fixed-rate loan established by the servicing company based on the credit background of the borrower and fixed rate resulting from a bidding process. Certain rules that a...
- Lenders will be judged by their crunch service. Baxter, Nick // Mortgage Strategy;11/5/2007, p35
The article reports on how lenders deal with their customers in response to the financial crises faced by the mortgage industry in Great Britain. The author asserts that increased interest rates in house prices and the tightening up of credit policies poses problems to borrowers. It states that...
- Ignorance is bliss. Lim, Justin // Money Management;8/16/2007, Vol. 21 Issue 30, p12
The article discusses the findings of the study concerning consumer behavior in paying interest rates on loans in Australia. It reveals that borrowers are interested on their relationship with lenders, rather than the rates and fees charged to them. It also claims that half of the respondents...
- Balanced advice. Johnston, Julie // Mortgage Strategy;7/30/2007, p52
The article discusses the advantages of offset mortgage for borrowers and lenders in Great Britain. It allows underpayments or overpayments of mortgages, flexible repayment obligations, lower interest and shorter terms. Savings borrowers could earn higher interest rates that protect them from...
