Tag Archives: loan

Debt Problem: “…Crisis in Ecuador is just getting started”

“Appearances can be deceiving. Nowhere does this old adage ring truer than in Ecuador, which is emerging from the rubble created during an 11-day uprising. The protests that rocked the South American country appear to be over. President Lenin Moreno … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , , , | Leave a comment

Bank Problems: “Ecuador cracks down on protesters over austerity & IMF loan…”

“Chaotic mass demonstrations are underway in Ecuador following a spate of austerity cuts tied to a recently implemented IMF deal. Police have unleashed tear gas on protesters, while the government has declared a state of emergency. By Monday, some 477 … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , , | Leave a comment

“More seniors are taking loans against their homes” – [and losing them]

“Across the nation, an increasing number of seniors are facing foreclosure after taking out reverse mortgages, either because they fell behind on property charges or failed to meet other requirements of the complex mortgage loans, according to federal data and … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , | Leave a comment

US: Credit Scores Hit All Time High

“For the first time, the average national credit score has reached 700, according to FICO, developer of one of the most commonly used scores by lenders. Your credit score plays a big role in daily life. It can determine the … Continue reading

Rate this:

Posted in Economics, News, Uncategorized | Tagged , , , , , , , , , , , , , | Leave a comment

Japanese bonds now have negative intrest rates

“The Japanese government for the first time Tuesday issued benchmark 10-year bonds with negative yields, meaning it is effectively charging investors for the privilege of lending it money…. Japan’s central bank already holds roughly a third of the country’s outstanding … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , , , | Leave a comment

“Greece rejects new loans as money runs out”

“Athens (AFP) – The decision by Greece’s anti-austerity government in Athens to refuse fresh EU-IMF loans has set economists guessing how long Greece’s meagre finances can last….It must repay 9.0 billion euros to the International Monetary Fund this year, including … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Auto-bubble looms: “Honda Warns Against ‘Stupid’ Auto Loans Driving U.S. Sales Gains”

“Automakers are increasingly selling vehicles with 84-month loans that reduce monthly payments while making it tougher to repay faster than cars lose value, John Mendel, Honda’s U.S. sales chief, said in an interview.” http://www.bloomberg.com/news/2015-01-20/honda-warns-against-stupid-auto-loans-driving-u-s-sales-gains.html?cmpid=yhoo

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , , | Leave a comment