29 Jun 15

Majority of Canadians say they are comfortable with their debt: CIBC Poll

Most can manage their debt, with only a third saying they have reached their limit TORONTO, June 19, 2015 /CNW/ – Despite household debt in Canada remaining near record highs, a recent CIBC (TSX: CM) (NYSE: CM) poll finds that two-thirds of Canadians are comfortable with the amount of debt they have. The poll also found that nearly a third (31 per cent) of those with debt have gone deeper in debt in the past » read more.


Link Category: Debt Consolidation



28 Jun 15

Student Loans and Your Credit

Many people consider student loans to be a necessary evil. Young people want to attend college in order to get the kinds of jobs that will allow them to get ahead in life, but tuition rates are too high for most students (and parents) to pay out of pocket. How difficult is it to qualify for these loans, and how can borrowing money for education expenses affect your credit? Getting Approved for College Financing While » read more.


Link Category: Educational Loans



28 Jun 15

RICO Conspiracy Charged in Payday Lending Case

PHILADELPHIAAdrian Rubin, 58, of Jenkintown, PA, has been charged with participation in a racketeering conspiracy for the operation of a payday lending business that allegedly violated the usury laws of Pennsylvania and other states, announced United States Attorney Zane David Memeger. Rubin is charged with one count of conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act (RICO), one count of conspiracy to commit mail fraud and wire fraud, and two counts of mail » read more.


Link Category: Payday Loans



27 Jun 15

Fitch Affirms Inkia Energy Ltd’s IDR at ‘BB'; Rating Outlook Negative

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the local and foreign currency Issuer Default Ratings (IDR) of Inkia Energy Ltd (Inkia) at BB and maintained the Negative Outlook. The rating action includes the affirmation of the companys international bonds outstanding totalling USD450 million due 2023. Inkias Negative Outlook reflects Fitchs concerns that the company could distribute significant dividends and other cash payments to its shareholder before its various expansion projects begin generating additional cash flow. This » read more.


Link Category: Debt Consolidation



26 Jun 15

38% Increase in Tax Collections in Last Three Months: Kejriwal

Delhi Chief Minister Arvind Kejriwal today said his government has seen a 38 per cent increase in tax collection in the last three months, claiming that the earnings were even more than the Rs 1,700 crore subsidy for electricity and water. Speaking at a function here, Kejriwal further said the increase in tax collection was without carrying out any raids. Since April 1, government has seen 38 per cent of increase in revenue. This data » read more.


Link Category: Educational Loans



25 Jun 15

Michigan Tech ranks high in Beyond College Rankings

HOUGHTON — Michigan Tech University led colleges and universities in Michigan. According to Brookings, the university ranks fourth in the nation in the Beyond College Rankings evaluation. The evaluation assessed two and four year colleges and universities on valued factors. They considered the variety of science, technology, engineering and math majors offered as well as graduation rates. Institutions were scored on a scale of 100 on three metrics: the mid-career salary of graduates, their repayment on loans, and earning » read more.


Link Category: Educational Loans



25 Jun 15

Can Dubai resident get debt consolidation with Dh290,000 on credit cards?

I work for a Dubai IT company and have an outstanding bank loan of Dh290,000. I also have credit cards with different banks amounting to Dh130,000. My salary is Dh15,450. I need a debt consolidation loan so that I can close my credit cards but due to the Central Bank policy, I cannot get a loan. Most of my money goes toward the credit cards#x2019; minimum payments and I cannot support my family. Would any » read more.


Link Category: Debt Consolidation



24 Jun 15

VIDEO: Communities Creating Opportunity event seeks to educate individuals …

KANSAS CITY, Mo. – Communities Creating Opportunity is educating people about the dangers of predatory lending at an event on Thursday. The group is hosting an event at the Gem Theater in Kansas City with speakers, including Kansas City Mayor Sly James and a retired US Marine who spent more than five years paying off several payday loans. Elliott Clark, the retired Marine, said a family emergency pushed him to get a payday loan. I » read more.


Link Category: Payday Loans



23 Jun 15

How you could earn 7.5pc making ‘payday loans’ to businesses

How you could earn 7.5pc making payday loans to businesses New mini-bond offers 7.5pc per year over four years – but savers capital, which is lent to businesses, is at risk


Link Category: Payday Loans



10 Jun 15

Watch Pew’s idea for remaking payday loans

The Pew Charitable Trusts have claimed a remarkable role in America in recent years, with a persistent, data-driven focus on abuses affecting consumers in the financial marketplace. Even before the financial crisis, Pew was out front in pushing for credit-card reforms that were finally adopted by the Fed in 2008 and strengthened by Congress in 2009. In recent years, Pews work on overdraft-loan abuses has helped push regulators to do more they first thought would » read more.


Link Category: Payday Loans




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