Archive for May, 2009
IMF Approves One-Year, $20.6 Billion Credit Line for Poland (Bloomberg)
By admin on May 7th, 2009
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May 7 (Bloomberg) — The International Monetary Fund, which has mounted rescues from Hungary to Pakistan in the past six months, yesterday approved a one-year, $20.6 billion line of credit to Poland.
Weyerhaeuser’s credit rating cut to junk by Moody’s (Seattle Times)
Weyerhaeuser (WY), the Federal Way lumber producer, had its credit rating cut to below investment grade for the first time in the company’s 109-year history.
Bailout watchdog: Credit crunch alive and well (CNN Money)
By admin on May 7th, 2009
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Despite recent encouraging signs in the economy, Americans are having a hard time getting credit and the effectiveness of government programs to spur lending is unclear, a congressional bailout watchdog said Thursday.
IMF approves credit line for Poland of $20.58 bln (AFP via Yahoo! News)
The International Monetary Fund said Wednesday it approved a “precautionary” credit line of 20.58 billion dollars to help Poland boost its reserves and weather the global economic crisis.
North Island Credit Union has tough quarter (San Diego Union-Tribune)
It’s no secret that the real estate meltdown has pushed some banks to the brink. But credit unions also are now coming under pressure from San Diego’s housing woes. North Island Credit Union posted a $59.3 million first-quarter loss, mostly because it socked away millions in reserves to cover potential loan losses. The dismal results come on top of a $50 million loss that North Island posted for …
Credit Overhaul
By admin on May 6th, 2009
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http://www.creditoverhaul.biz
The ultimate ebook on do-it-yourself credit repair. It’s filled with sample letters and forms to help you build a better credit rating.
Debt consolidation non profit
There are two types of debt consolidation businesses that exist. You have a debt consolidation for profit and a debt consolidation for non profit. The debt consolidation non profit businesses may be the best way to go for many individuals. First of all with a debt consolidation non profit business you are receiving help at no cost to you. The business has opened its doors to fill a need for individuals who do not have savings and need a helping hand. The types of debt consolidation non profit businesses that exist include Churches, federal and state government programs, as well as private organizations. There are Churches, like the Church of England that have established online help as well as help through their members to provide free advice regarding debt and how to use debt consolidation to help. Some of the debt consolidation non profit organizations can actually help establish a debt consolidation loan for you, but more on that in a bit. Debt consolidation non profit organizations are usually there to give a helping hand. Here is how they work: The debt consolidation non profit organization is going to ask you to fill out information regarding your currently financial status. Once you have filled out the paperwork you will schedule a meeting with one of their analysts to discuss your situation. Any material discussed in the meeting is confidential. The employee is going to talk over your current situation. Often times they will suggest where you can make changes in your lifestyle. For instance if you have income you put towards miscellaneous items that you don’t need, they may suggest you stop and think before continuing in this manner. The employee is meant to point out where you can save. They will also point out if a debt consolidation loan would be to your benefit. If you are struggling to make payments, missed any payments, or our considering bankruptcy changes are the debt consolidation non profit organization will recommend a debt consolidation loan to help you manage the payments before you enter into bankruptcy or a further downward spiral in debt. If the debt consolidation non profit organization recommends you get a debt consolidation loan, you can ask for recommendations. The organization may have a couple of companies they work with in regards to loans or know of some type of government debt consolidation program you can join to help obtain a loan.
Mid-Atlantic Credit Union rolls out student loans (BizJournals)
By admin on May 4th, 2009
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Mid-Atlantic Federal Credit Union has begun offering student loans to members.
GM sales drop 34 percent as tight credit weighs (Reuters via Yahoo! News)
By admin on May 2nd, 2009
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General Motors Corp reported a 34 percent decline in April U.S. auto sales on Friday, as low consumer confidence and tight credit continued to pressure the industry.