Maxbiz says no change in status of default in payments
KUALA LUMPUR: Maxbiz Corp Bhd said there were no changes in the status regarding the default in payments on the outstanding loan stocks, arrears and loans.
Read more on The Edge
12 Important Financial Steps to Take in 2011
With the New Year right around the corner, it is time to start planning for 2011.?? Obviously, there
Read more on Forbes
Question by Kim: Do universal default clause apply to auto/car loan? If I get a auto loan, would the lender raise rates if we?
go default on mortgage? We are going thru short sale/foreclosure situation and stopped paying mortgage for a month now. Would a car loan lender raise rates based on our mortgage default? Or is the loan rate fixed for the terms of the loan?
Best answer:
Answer by bdancer222
Only credit cards have universal default clauses. If you are late paying the mortgage or car loan, the credit card company might just kick in the universal default. But your mortgage and car loans are installment loans with set interest (or at least rules for adjustable rate increase) that don’t include universal default clauses.
What do you think? Answer below!
Junk Bonds Yielding More as Risky Companies Default Less
Junk bonds are offering plump yields, even though the default rate among low-quality-bond issuers is surprisingly low
Read more on Time Magazine
Grameen Bank Expands Into America
It’s pretty safe to say that three years ago no one could have predicted that one of the few financial institutions to be opening new branches and expanding lending in America would be a Bangladeshi bank that specialized in loans to people below the poverty line (the vast majority of them women). But that’s just what has happened.
Read more on Newsweek
COLUMN: Financial reform: The good, the bad, the ugly
By the time this column hits the street (and the Internet) perhaps the Senate will have agreed to the financial reform bill hammered out in conference committee with the House of Representatives. The legislation leaves much to be desired and while…
Read more on The Walton Sun
 | ||||
 | ||||
