Why Personal Loan Rates Are Higher Than Mortgages
Friday, August 28th, 2009Why Personal Loan Rates Are Higher Than Mortgages
by Donna Lawson You should be able to find several indispensable facts about high risk personal loans in the following paragraphs. If there’s at least one fact you didn’t know before, imagine the difference it might make. You choose the amount you wish to borrow and the period of time you want to repay the loan over. You make regular monthly repayments to pay back the full amount of capital plus the interest. We lend to individuals who are unable to borrow from the bank. We will only lend an
Opinion: Wealth destruction and consumer angst
By Neville Bennett I am drawn irresistibly to the image of Emperor Nero playing his fiddle while Rome was burning: it is a metaphor of an ebullient Wall Street elite ignoring the massive destruction of wealth that it has inflicted on the world. Moreover, incomes are also failing and I believe consumer spending will also decline. This is important as consumer spending drives about 70% of US GDP. The reality is encapsulated in Edmund Phelps’s belief that it will take 15 years for American consu
Mortgage Delinquencies Move Higher
The currency markets were a bit more volatile than usual yesterday, but really didn’t do much until Europe got trading this morning and decided to punish the US dollar. The data released yesterday morning was a mixed bag, as the leading indicators climbed for a fourth straight month and the Philadelphia fed reported a big jump in their gauge of activity, but the initial jobless claims unexpectedly rose. Unemployment in the US will continue to be a drag on the economy, slowing any recovery and