A couple of weeks ago, I read an article in the Mirror* about a young lady who’d bought a car in good faith, only to find out that it had an outstanding log book loan on it. As the loan was on the car, the debt had transferred to her when she bought it and […]
Rusal Intends to Direct Norilsk Nickel dividends to Repay Loans
UC Rusal plans to direct dividends from its 25% stake in MMC Norilsk Nickel to pay off company’s debt, said CEO of the aluminum company Oleg Deripaska, in an interviewto Russian TV channel. "We are one of the shareholders of Norilsk Nickel, and we do have obligations to the banks. Virtually all funds will go […]
Struggling to Pay Off Student Loans?
By Sasha Chavkin Millions of Americans are struggling to pay down the more than $850 billion in outstanding student loan debt in the United States. Debt on student loans even surpassed credit card debt earlier this year. For some, paying down student debt is especially hard because they become disabled and are no longer […]
Waived loans being recovered from farmers in Chitral
By Zar Alam Khan ISLAMABAD: Farmers in the Mastuj subdivision of Chitral have accused the National Bank of Pakistan (NBP) of forcibly recovering loans waived by the federal government over a year back. Talking to this correspondent on telephone, they said they had availed small agricultural loans amounting to a maximum limit of […]
Sallie Mae Targets Americas Youth With British Based Loans
reprint from www.backupamerica.org In light of the ongoing mortgage and foreclosure mess and crisis primarily in the West and Southwest due to the boom and bust cycle and rising costs of ownership which resulted in many Americans refinancing their original mortgage loans under loans marketed out of California illegally based on British banking index rates […]
SBI Announces Cheapest Home Loans to Improve Market Share
The State Bank of India- a public sector and the largest of all Indian banks- announced a home loan (Hi-Five Loan) at 8% of Rs. 5 lakhs for a period of 5 years. It also announced home loans up to Rs.50 lakhs with interest rates of 8% for the first years and 8.5% for the […]
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