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Recent Borrowers NewsWith clock ticking on mortgage relief, homeowners wonder what's ahead - Mon, 10 Mar 2014
As higher payments kick in, there is fear that borrowers won't be able to stay current on their mortgages.
New Lenders Spring Up to Cater to Subprime Sector - Wed, 05 Mar 2014
Many lenders backed away from borrowers with poor credit histories after record defaults on subprime home loans helped trigger the recession in 2008. According to credit-data provider Equifax Inc., issuance of consumer loans and credit cards to people with credit scores below 660-subprime by the firm's widely used definition-peaked at $87 billion in 2006 before dropping to a low of $28 billion ...
Rising price of missed card payments - Mon, 10 Mar 2014
Consumer groups say new credit reporting rules that come into effective tomorrow could lead to borrowers being charged more interest on loans if they fail to pay their bills on time.
Tougher rules for overseas-based borrowers - Wed, 05 Mar 2014
The Student Loan Scheme Amendment Bill (No. 3), introduced in August 2013, passed its final stages in Parliament today.
Student Loans Entice Borrowers More for Cash Than a Degree - Sun, 02 Mar 2014
Some Americans caught in the weak job market are lining up for federal student aid, not for education that boosts their employment prospects but for the chance to take out low-cost loans, sometimes with little intention of getting a degree. Take Ray Selent, a 30-year-old former retail clerk in Fort Lauderdale, Fla. He was unemployed in 2012 when he enrolled as a part-time student at Broward ...
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