NEW YORK—- During the recession of past couple of years, many consumers and small businesses are having a tough time making ends meet. The unemployment, reduced consumer spending, and mounting consumer debt are putting many Americans on the brink of insolvency. Cash strapped households and small businesses are desperately looking for solutions. Many turn to […]
Understanding the Difference between Chapter 7, 11 and 13 Bankruptcies
No two people end up in the same financial tangle, which also means that they are probably not going to deal with their situation in the same way. You may find yourself in a challenging situation due to an illness or injury or even through the sudden loss of a job. Your credit card debt […]
5 Steps of Effective Debt Consolidation
Recurring and ever increasing monthly debts! How do you deal with them? Are the loans and debts you are currently servicing frustrating you? Is you financial state dire and are you in need of a better monthly repayment plan? Well, have you considered debt consolidation? For starters, debt consolidation is a debt relief strategy that […]
Why a Personal Loan is the Answer to All Your Financial Needs
While home loans and business loans are self-explanatory, a personal loan is open-ended in that can be used for purposes other than those specified by the lender. The type of personal loan you can opt for depends on if you have any collateral to offer or not. A secured personal loan requires you to submit […]
Reliance issues another $750 Million Overseas Debt
Mukesh Ambani-led Reliance Industries states that it will be issuing a loan of $750 million from the overseas market. The debt will be raised through unsecured notes with a tenure extending till 2045. The company has raised its foreign debt in a second venture in two weeks. The rate of the Notes is fixed at […]
Nigerian Banking Bailout and The Anatomy of Toxic debt
http://www.afripol.org/afripol/item/191-nigerian-banking-bailout-and-the-anatomy-of-toxic-debt.html Nigerian Taxpayers to buy $14.6 Billion of Toxic Debt Taxpayers of Nigeria will be exposed to toxic debts of the past rescued banks and the Nigeria’s Asset Management Corporation (AMCON) is expected to buy $14.6 billion of bad debt to recapitalize the rescued banks. The Asset Management Corporation is a state-owned entity that was […]