Posts Tagged ‘credit’

(AFX UK Focus) 2010-02-16 11:40 UPDATE 1-Capital One credit card defaults rise in January

(AFX UK Focus) 2010-02-16 11:40 UPDATE 1-Capital One credit card defaults rise in January
Feb 16 (Reuters) – Capital One Financial Corp’s U.S. credit-card defaults rose in January, in a sign that consumers continue to remain under stress, it said in a regulatory filing.

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Capital One credit card defaults rise in January

Capital One credit card defaults rise in January
(Reuters) – Capital One Financial Corp’s U.S. credit-card defaults rose in January, in a sign that consumers continue to remain under stress, it said in a regulatory filing.

Read more on Reuters

Default Swaps Signal Bond Rebound as GMAC Sells: Credit Markets

Default Swaps Signal Bond Rebound as GMAC Sells: Credit Markets
Feb. 10 (Bloomberg) — The cost to protect bonds from default fell the most since November and companies with speculative credit ratings sold more than $3 billion of debt, a signal the rally in corporate securities may resume.

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Credit unions seek larger share of business loans

Credit unions seek larger share of business loans
The names of small businesses seeking loans are scrawled across a whiteboard in the Bethesda offices of Mid-Atlantic Financial Partners: A Denny’s franchisee with plans for a new restaurant, the owner of a limousine fleet hoping to consolidate his auto loans, a government contractor seeking a line of credit to fund expansion, the owners of a medical office building in Leesburg looking for a …

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Dependence of Equilibrium Credit Rationing on the Nature of Loan Insurance

Dependence of Equilibrium Credit Rationing on the Nature of Loan Insurance

Receivership and conservatorship authority of the Natinal Credit Union Administration

Receivership and conservatorship authority of the Natinal Credit Union Administration

How much does a small used auto loan impact my credit?

I am about to buy a 2003 Honda Civic from my uncle for approximately $10,000. I had intentions of putting down 5,000 or 6,500 dollars (depending on what I sell my current car for) and take out a small auto loan for the remaing 3,500 or 5,000 for about 36 months.

The rates I am finding are not as good as I would have hoped, through no fault of my own. I am 24 and haven’t done anything that would have given me bad credit. I pay back all my bills and whatnot.

Am I better off just buying the car outright (I can afford it) or taking out a loan for the sake of taking out a loan. I’ve heard a few times that a small loan really helps your credit.
So put down 5,000, take out the 5,000 loan amount, put 5,000 in a savings account and let the loan cycle? What does that mean.

Company Bond Sales Fall 7% on Greece, Spreads: Credit Markets

Company Bond Sales Fall 7% on Greece, Spreads: Credit Markets
Feb. 1 (Bloomberg) — Bond sales by nonfinancial companies fell 7 percent in January as the cost to borrow rose from a two- year low on growing concern that governments struggling to pay their debts will derail the economic recovery.

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McClatchy Announces Consents to Amend Its Credit Agreement

McClatchy Announces Consents to Amend Its Credit Agreement
The McClatchy Company announced that lenders holding approximately 90% of the total commitments under the company’s credit facility have consented to an amendment to the credit agreement that will permit the company to issue $875 million of senior secured refinancing debt to refinance a portion of its bank debt and certain of its existing public bonds maturing in 2011 and 2014, and to extend the …

Read more on PR Newswire via Yahoo! Finance

Credit unions branching out amid bank bust

Credit unions branching out amid bank bust
While big banks in Michigan are closing branches and calling in loans, many of the state’s credit unions are on a tear, opening new offices from Owosso to Fraser to Grosse Ile.

Read more on Detroit Free Press