10000 loan for bad credit
BEIJING -(Dow Jones)- China’s central bank has relaxed credit controls on foreign banks by allowing them to apply for an increase of up to 15% in the amount of new yuan loans they can arrange this year, as long as the loans are for small- and medium-sized enterprises and environmentally friendly projects, a representative for European businesses in China said Tuesday.
Credit Heaven Announces their Rate Busters Program to Slash Interest Rates for High Interest Loans and Credit Cards (PRWeb via Yahoo! News)
The Rate Busters program is designed to achieve affordable and sustainable payments for borrowers by negotiating lower interest rates or periods of no interest on existing credit card, auto loans and mortgages. This in turn will maximize consumers’ ability to reduce monthly payments, reduce debt, maintain or improve consumers’ credit as well as reduce creditor’s bad debt.
Deutsche Bank chief sees end to credit crunch (TurkishPress.com)
The head of Germany’s biggest bank Deutsche Bank, Josef Ackermann, said Wednesday he was confident that the credit crunch was nearing its end. “We think we’ve reached the end,” Ackermann told a banking conference in Germany. “Global credit conditions are very positive.”
U.S. Bancorp expects more loan losses in third quarter (Pioneer Press)
U.S. Bancorp, Minnesota’s second-biggest bank by assets, expects the cost of bad loans in the current quarter to increase 25 percent to 28 percent from the second quarter. Assets that no longer are collecting interest may have increased as much as 32 percent, according to a regulatory filing Tuesday by the Minneapolis-based company.
Lehman still has $52 bln of real estate, leveraged loan exposure (Market Watch)
Lehman Brothers says that it slashed mortgage and leveraged-loan holdings in recent months, but the brokerage firm still has at least $52 billion of exposure to these assets.
