Advance America is one of the payday lending companies that have donated to the campaigns of sponsors of the Protecting Consumers' Access to Credit Act of 2017... READ MORE›
Today, more than half of new car loans are for seven years or longer, according to automotive research firm J.D... READ MORE›
Micro-lending in China typically refers to cash loans of up to 3,000 yuan (US$452) that are obtained via online platforms. These facilitate real-time approval and rapid remittance to borrowers' accounts... READ MORE›
In March last year, the two ministries jointly issued a guiding opinion on increasing financial support to green consumption and automobile loans... READ MORE›
Gross debt-to-GDP reached 220 percent in China, 190 percent in South Korea, 80 percent in Turkey and 65 percent in India... READ MORE›
A good credit score is more appealing than a nice car, said 58 percent of those surveyed... READ MORE›
S P also lowered Hong Kong's credit rating, a move that reflects the strong linkages between the financial hub and mainland China, the firm said... READ MORE›
People with not-great credit scores have always made up about a fifth of the auto-loan market... READ MORE›
Drivers with credit scores below 620 now comprise less than 20 percent of new loans, down from almost 30 percent a decade ago... READ MORE›
At least two dozen lenders have tapped the debt market to sell bonds that hold their subprime auto loans over the last few years... READ MORE›
SEE ALSO American Apparel's days as a Los Angeles-based manufacturer are numbered,..... READ MORE›
The bankruptcy filing could make American Apparel an attractive acquisition target Lloyd Greif chief executive of investment bank Greif Co said... READ MORE›
If SunEdison does not perform under these agreements, it could have a material adverse effect on TerraForm Global, TerraForm Global said... READ MORE›
As a result of their cosy oligopoly, Australian banks have become the most profitable in the world, collecting 29 billion in profit this year... READ MORE›
McBride says this is particularly true for variable-rate debts that have large balances, such as adjustable-rate mortgages, student loans and home equity lines of credit... READ MORE›
The average annual percentage rate for a payday loan in Florida is 304 percent... READ MORE›
Long before President Trump, American Apparel was making America great again making clothes in Los Angeles and selling them to the mass market... READ MORE›
Some groups -- for example, the 30 to 49 age group -- are in worse off than others when it comes to credit card debt and savings... READ MORE›
A lawyer for the official committee of unsecured creditors said he was studying the Hagan proposal... READ MORE›
But despite the uptick in delinquencies in loans, the New York Fed is mostly concerned with those made to subprime borrowers with credit scores under 620... READ MORE›
Data shows the proportion of private investment as a share of total social financing rose from 49.8 in 2012 to 64.2 percent in 2015... READ MORE›
Portales Partners analyst Charles Peabody said Bank of America is late to the auto loans party... READ MORE›
American Apparel hires investment bank to explore sale sources... READ MORE›
A month after he left, he sold a big chunk of his Credit Acceptance shares for 128 million... READ MORE›
He explained to his viewers that he undertook the surprisingly easy task of starting a debt buying company, Central Asset Recovery Professional, Inc... READ MORE›
It said the covenant violations were waived under the new credit facility with Wilmington Trust... READ MORE›
Saurabh Jhalaria, who heads Incred's SME division, says the company aims to disburse 234 million in new credit by next March... READ MORE›
Contact your financial institutions and close or separate all shared accounts, including credit cards, home loans and mortgages... READ MORE›
In contrast, payday loan industry representatives warned that requiring lenders to assessA borrowers' ability to repay would raiseA business costs... READ MORE›
The FPC lacks specific tools to target consumer borrowing, but one option would be to make banks hold more capital to penalize risky lending in general... READ MORE›
Shooter Syed Rizwan Farook took out the loan from Prosper around the middle of last month, according to a source familiar with the matter... READ MORE›
Schneider arrived at American Apparel after it had lost more than 300 million over five years under Charney... READ MORE›
In China's last round of government-driven debt-for-equity swaps, Huarong conducted deals with 420 large and medium-sized SOEs, Lai said... READ MORE›
Most economists expect the BoE to raise interest rates to 0.5 percent from 0.25 percent in November... READ MORE›
Data shows the proportion of private investment as a share of total social financing rose from 49.8 in 2012 to 64.2 percent in 2015... READ MORE›
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