Citi to hive off India arms after global split

Citi Financial, one of the largest finance companies operating in India, may sport the ‘For Sale’ sign, ... or bad loan ratio in India for its credit card and consumer banking business in India rose to 6.3 ... loss of $8.29 billion. Citi Financial, whose businesses in India span mortgages, personal loans [more...]

Date: 2009-01-17 05:43:13

Blog posts (59) | Videos (23)
 

How I Got Bad Credit

July 31, 2009 | By Frances Lexington In Finance | by Frances LexingtonA few months, I went through some rough moments in my life. I got laid off after the company I worked for went down. The bills piled up and I was unable to make my monthly payments. Eventually, all of my credit card accounts were charged-off and sent to collection agencies.My life became a living hell of collection calls and non-stop harassment from debt collectors. [more...]

Date: 2009-07-31 23:37:24

Slow loans flow for some small, medium businesses

Slow loans flow for some small, medium businesses 30 applications approved under new scheme; processing fees still a bugbear By CHEW XIANG ( ... companies get through the bad times’. ‘For those who had their commercial credit lines cut ... to Melvin Lee, Spring’s deputy director of financing and incentives management. More than 700 [more...]

Date: 2008-12-19 07:30:23

Finance Fiesta #7: Mamma Mia Edition

Welcome one and all to the 7th Edition of the Finance Fiesta!  This is the first carnival I have ever hosted, so hope it’s a good one for you ... she knows best.  I give these posts the thumbs up as the best of the week. Mr. Credit Card from Ask Mr Credit Card answers a question from a reader “A Collections Company Sold my Debt After it was paid [more...]

Date: 2008-07-17 13:00:20

Scarcity of Debtor-in-Possession Financing Forcing Earlier Bankruptcy Filings

In more normal times, when a company faces the risk of bankruptcy but believes it has a viable business, ... a $50 million letter of credit and continued use ... report on these adaptations suggested that they were a far less than ideal solution [more...]

Date: 2008-12-13 06:17:52

Bad Credit Repair Industry in the Recession

September 6, 2009 | By Shantel Buatone In Finance | by Ryan ParkerWe all know that the economy isn’t in good health now. Compared to just a few years ago, we are definitely in a rut. Latest figures from the department of statistics indicate that just over 2 million people have lost their jobs this year due to the economic slow down. Leading trend companies have suggested that another 4 million jobs will be lost before any meaningful improvement in the economy will show up. [more...]

Date: 2009-09-06 17:46:58

Is the short covering rally over?

The day is almost over for the market (thank goodness) and it seems that financal service investors are in panic mode again ... . tumbled more than 20 percent for a second day as Gimme Credit LLC said unsecured creditors were ``pulling ... delinquencies forced the Seattle-based company to boost provisions for bad loans. While WaMu said [more...]

Date: 2008-07-24 19:53:39

Low Cost, Cheap Auto Insurance & Loan At TheAutoFinder.Com

Insurance is a must; however, choosing random insurance companies for your needs isn’t a wise decision ... but also offers auto classifieds, car dealers and a car finance section if you are looking to purchase a new car, just like me. Also of note, even if you have a bad credit history, don’t worry; AutoFinder [more...]

Date: 2008-08-10 04:52:26

Best debt collection agency!!

I was the finance head for my department and I used to suffer a lot and it was a real pain when it comes to recovering money that is owned. You give out goods on credit and then they fail to pay the money back. That’s when my friend suggested my a good debt collection company. American profit recovery is a wonderful debt Collection [more...]

Date: 2009-01-16 04:13:52

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