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January 31, 2006

Comment: Twelve Years Of Binge Borrowing! 

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Comment: Twelve Years Of Binge Borrowing! 
The Motley Fool - Jan 26 4:03 AM
For the past twelve years, we Brits have been on a huge spending spree, thanks to a massive borrowing binge which is unsurpassed in British history. To prove this bold claim, I’ve analysed a dozen years of “Lending to Individuals” data provided by the Bank of England.Save to My Web

Credit card applications hit new high 
Sydney Morning Herald - Jan 23 2:53 PM
Australians applied for a record 3.5 million new credit cards in 2005, almost 500,000 more cards than the previous year, a report shows. Credit reporting firm Baycorp Advantage’s managing director Andrew Want said intense competition between card providers was helping to fuel the increase.Save to My Web

There’s no other lender like David Jones 
The Age - Jan 26 10:15 AM
Retailer David Jones is preparing to take on the big banks in personal loans and credit cards. -Save to My Web

Welcome to gomerasol.com 
Gomerasol.com - Jan 24 10:07 PM
Personal Small Loans : Up to $500 Personal loans - instant approval with our 100% online application, no faxing, and no credit required. Make the low cost choice with PayDayOK.Save to My Web

ShareChat News: Sale of Pacific Retail Finance goes unconditional 
ShareChat - Jan 23 1:30 PM
Pacific Retail Group (PRG) said today the sale of its Finance Group to GE Finance and Insurance had gone unconditional. All the regulatory and shareholder approvals have been granted and the deal is due to settle on January 31.Save to My Web

What To Watch: Sectorsand hot-button issuesfor savvy investors to keep an eye on in 2006 
Canadian Business - Jan 24 1:13 PM
Anyone banking on the housing bubble bursting and showering the land with cheap property is likely to be disappointed in 2006. While industry pundits are predicting a slight slowdown, the average price of a house nationally is still expected to rise 5% by the end of the year.Save to My Web

January 29, 2006

Less consumer debt is more good news

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Less consumer debt is more good news
Riverside Press Enterprise - After holding my breath for an entire month, I’m happy to deliver more good news on the consumer front. The Federal Reserve reports that consumer credit contracted for a second straight month in November, the first back-to-back declines since June

January 27, 2006

GM Loses $4.8 Bln in Fourth Quarter on Plant Closings (Update6)

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GM Loses $4.8 Bln in Fourth Quarter on Plant Closings (Update6)
Bloomberg - 16 hours ago Motors Acceptance Corp. finance and insurance unit in an effort to regain an investment-grade rating for auto loans. Fitch, Moody's

Room to Grow: House hunting takes real honesty
Marion Chronicle Tribune, IN - Jan 22, 2006 You've got some important figuring left to do. How much do you already owe on credit cards, auto loans, student loans and the like?

Huntington Bancshares Reports 2005 Fourth Quarter and Full-Year
PR Newswire (press release), NY - Jan 18, 2006 expense (108.3) (236.5) - Securities losses (gains) 8.1 (15.8) - Adjustment to consolidated — (3.7) securitization - Gain on sale of auto loans(2) — (14.2

National City Nets $398M for First Quarter
Youngstown Business Journal, OH - Jan 17, 2006 million for severance and other costs associated with Best In Class implementation, a $29 million loss on the securitization of indirect auto loans pursuant to

US consumer credit falls 2 months in a row - UPDATE 2
ForexTV.com, NY - Jan 9, 2006 annualized. Nonrevolving debt, such as auto loans, fell $984 million, or 0.9% annualized, despite a rebound in auto sales in November.

How should South African investors view Ghana? - Imara gives some
Accra Daily Mail, Ghana - Jan 17, 2006 such as Standard Chartered and Soc Gen predict major growth in 'small ticket loans' averaging US$2,000 for education, non-mortgage house loans, auto loans etc.

Uptick in Bond Issuance Seen for 2006
CFO.com Magazine, NY - Jan 10, 2006 "On the other hand, other parts of the market, like corporate bonds or asset-backed securities tied to auto loans, should benefit from sustained economic

Citigroup Leads Bid to Buy Bank In China
Washington Post, United States - Dec 30, 2005 Others are going to follow, but Citi now has an advantage to start pushing auto loans and home loans and credit cards and all the things that consumers in

SBP amends loans and advances regulations
Daily Times, Pakistan - Jan 14, 2006 Banking, Annexure-III of Regulation R-11 of the Prudential Regulations for Small and Medium Enterprises Financing, Regulation R-14 (Auto Loans), Regulation R

Local News and Notes
Daily Herald, UT - Jan 5, 2006 first quarter. The Provo branch will offer free checking, savings products, auto loans and home loans as well as a 24-hour ATM. UITA

January 25, 2006

Mesa firefighters want ASU students to fill volunteer positions

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Mesa firefighters want ASU students to fill volunteer positions
Web Devil - 18 hours ago of volunteering, the federal government will provide a Connector with $1,000 to be used at a qualified institution of higher education or to repay student loans

Will state be able to pay for Doyle's tuition plan?
Portage Daily Register, WI - 20 hours ago Mackenzie's father Jeff said the family most likely will have to rely on student loans to cover the bulk of the family's college costs.

Student Loans: Outflank The Hikes Ahead
BusinessWeek - 2 hours ago student loan program. Since much of that money subsidizes interest costs on student loans, borrowers will face higher rates. The rate

Sallie Mae Loan Originations Grow 19 Percent in 2005
PR Newswire (press release), NY - Jan 19, 2006 Such risks include, among others, changes in the terms of student loans and the educational credit marketplace arising from the implementation of applicable

Boycott student loans from 'slavery banks'!
Bay Area Indymedia, CA - Jan 13, 2006 States. Therefore, activists are calling for a boycott of the bank's student loans, which earn JP Morgan Chase over $9 billion a year.

January 23, 2006

Executive MBA in Prague 

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Executive MBA in Prague 
Prague Daily Monitor - Jan 19 6:02 AM
Top 3% of programs world-wide. Fully accredited MBA degree (AACSB). 13 month curriculum with most modules taught Weds-Sun once a month.Save to My Web

January 21, 2006

How to qualify for a home loan

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How to qualify for a home loan
Rediff, India - Dec 20, 2005 For example, if the home loan seeker has an outstanding personal loan, where 16 EMIs remain to be paid, then he can prepay the same and approach the HFC with a

Stanchart to give more credit
Joy Online, Ghana - Dec 22, 2005 The bank began an aggressive marketing of different products of personal loan including the employee schemes in 2003. This according

Bank of England all set to freeze the interest rates at 4.5%
24-7PressRelease.com (press release) - 16 minutes ago /24-7PressRelease/ - LONDON, UK, January 21, 2006 - A bad news for: personal loan, credit card and mortgage holders. The Bank of

Credit card games
Moneyweb, South Africa - Jan 15, 2006 would repay your home-loan. A personal loan may be cheaper or a special debt consolidation package. Pay close attention to interest

A new year should mean a new financial regime
Scotsman, United Kingdom - Jan 13, 2006 card. Consider moving all outstanding debts to a 0 per cent balance transfer deal or consolidate them with a low-cost personal loan.

financial hangover
Telegraph.co.uk, United Kingdom - Jan 4, 2006 Consolidating debts with a cheaper personal loan will give you the benefit of lower overall repayments and the simplicity of a single, easy-to-understand

January 19, 2006

Trouble in cards

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Trouble in cards
Ottawa Sun, Canada - Jan 12, 2006 Accessing a consolidation loan can help blend a mountain of bills into one monthly payment, experts say, but their most important piece of advice is to plan

January 17, 2006

Student Lending Works Offers Lower Interest Rate 

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Student Lending Works Offers Lower Interest Rate 
Youngstown Daily Business Journal - Jan 04 9:00 AM
Jan 4, 2006 11:55 a.m.Save to My Web

Middleware finds its mojo again 
Java World - Jan 01 8:30 PM
January 2, 2006 Few areas of technology underwent greater advances in 2005 than middleware. And 2006 looks as if it’ll be no different. Between new architectures, maturing standards, and innovative technologies, the dream of integration within and without the enterprise is becoming a reality.Save to My Web

Empire Equity Selects Ellie Mae’s Encompass Anywhere 
[Press Release] Business Wire via Yahoo! Finance - Jan 10 7:00 AM
MONTVALE, N.J. & DUBLIN, Calif.—-Jan. 10, 2006–National mortgage broker Empire Equity Group, Inc. and Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, have announced that Empire is in the process of implementing Ellie Mae’s Encompass Anywhere hosted mortgage automation system.Save to My Web

AllBusiness.com / Using a debt-management firm to get finances back on track 
San Francisco Chronicle - Jan 04 3:48 AM
It’s common to panic when creditors are pounding on your door. While bankruptcy may come to mind, there are alternatives. One of those is using a debt-management company. Debt-management companies help businesses overwhelmed with debt get back on…Save to My Web

Red ink 
Waxahachie Daily Light - Dec 28 1:03 PM
Christmas has come and gone but like Santa, a vast majority of consumers are covered in red with their holiday bills.Save to My Web

Become a Discriminating Debtor in 2006 
Fox News - Jan 07 6:29 AM
This week, Gail says: All debt is not created equal, and debt isn’t always badSave to My Web

LoanRefinanceTips.com Advises Consumers About Loan Consolidation 
[Press Release] PR Web - Dec 28 12:24 AM
Save more money on student loans with loan consolidation. Stop paying all your hard earned money to the credit card companies, find out the facts about debt reduction. [PRWEB Dec 28, 2005]Save to My Web

Opinion by Kathy Kristof: Personal Finance - Students face mostly bad news on loans 
Arizona Daily Star - Jan 15 2:32 AM
Big changes are likely to be in the offing for college financial aid programs because of the Deficit Reduction Omnibus Reconciliation Act, which is expected to get final approval in Congress next month.Save to My Web

Forces in Yield Curve Inversion 
GoldSeek.com - Dec 29 8:34 AM
For specific detailed analysis of the Gold, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and Fed monetary policy, see instructions for subscription to my newsletter research reports, which include stock recommendations positioned to rise in the commodity bull market.Save to My Web

January 15, 2006

Save taxes, slow benefits, Bush tells Congress

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Save taxes, slow benefits, Bush tells Congress
Taipei Times - Boasting that the US economy is strong and growing, US President George W. Bush urged Congress yesterday to save tax cuts from expiring and adopt the first spending restraints in nearly a decade on such benefit programs as Medicaid, Medicare and

Republicans still seem bent on self-destruction
Tracy Press - PROVIDENCE, R.I. Rep. John Boehner, R-Ohio, wants to be House majority leader. The job is open with the departure of Tom DeLay, the Texas Republican now sinking into the Abramoff scandal, and amid calls for campaign-finance reform. Let s talk

Your tax dollars: Six-figure incomes skyrocket
Salt Lake Tribune - April Townsend, Salt Lake County’s Administrative Services director, capitalized on tuition assistance. (Ryan Galbraith/The Salt Lake Tribune) DID YOU KNOW the number of city and county employees making six-figure salaries along the Wasatch Front has

A proposed middle-class agenda for 06
Edmond Sun - This year witnessed another year where middle-class families struggled to get by. The Census Bureau reported that the median household income the income of the typical middle-class family fell once again this year. When you couple this with

January 13, 2006

Emirates Bank offers unbeatable deals on auto loans at the 8th

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Emirates Bank offers unbeatable deals on auto loans at the 8th
AME Info, United Arab Emirates - Dec 13, 2005 in the 8th Middle East Motor Show 2005, at the DWTC-Dubai (Dec 12-16),with the set up of its very own stand offering unbeatable deals on auto loans (Stand 4A- 4

Past-due credit card debts hit P14.8B
INQ7.net, Philippines - Dec 18, 2005 This was much slower than the downtrend in the banking system's past-due auto loans, which eased to 4.8 percent during the same period from 5.1 percent a

Uptick in Bond Issuance Seen for 2006
CFO.com Magazine, NY - Jan 10, 2006 "On the other hand, other parts of the market, like corporate bonds or asset-backed securities tied to auto loans, should benefit from sustained economic

Consumer loans up ahead of Christmas
ABS CBN News, Philippines - Dec 18, 2005 the months preceding the gift-giving season, according to the Bangko Sentral ng Pilipinas, which released lenders latest credit card and auto loans data on

Citigroup Leads Bid to Buy Bank In China
Washington Post, United States - Dec 30, 2005 Others are going to follow, but Citi now has an advantage to start pushing auto loans and home loans and credit cards and all the things that consumers in

Picking the right mortgage
Pioneer Press, MN - Dec 22, 2005 We have no debt except for two auto loans: One has a debt balance of $10,000 at 4.9 percent, and the other is $14,000 on a credit card at 1.99 percent.

GM, Ford Sacrifice Car Loan Revenue to Pay $43 Billion in Bonds
Bloomberg - Jan 9, 2006 of new car sales. “Auto loans have become less profitable in this constrained environment,'' Krell said. “Profits will decline

Consumers borrow less for 2nd straight month
San Antonio Express (subscription), TX - Jan 9, 2006 Nonrevolving debt, the category that includes auto loans, fell for a third consecutive month, dropping 0.9 percent after having declined 5.8 percent in October

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