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Debt


LOS ANGELES, November 30, 2021 (GLOBE NEWSWIRE) – Installment loans can be great financial tools for people who need to cover unexpected bills or make large purchases. But before going ahead with this type of loan, potential borrowers need to weigh a few factors. Here are some important things that borrowers can consider when obtaining …

The Monetary Board has decided to maintain maximum credit card limits on credit card transactions. The maximum interest rate or finance charge on a cardholder’s credit card outstanding balance remains at two percent per month or 24 percent per year. Similarly, the additional monthly rate that credit card issuers may charge on installment loans is …

As the adoption of credit cards among Filipino consumers continued, the Monetary Board decided to keep the maximum limits on interest rates and finance charges unchanged, to help ease the financial burden on users. According to Circular No. 1098 of Bangko Sentral ng Pilipinas (BSP) dated September 24, 2020, the maximum interest rate or finance …

Most SMEs have a significant amount of cash invested in assets, for example, inventories, machines, equipment, real estate, or financial assets. Using these assets in an easy and flexible way to make loans could unlock huge amounts of liquidity and alternative sources of financing for the business. In this blog, we discuss some new techniques …

Buy now, pay later, financing is becoming a must for Walmart, Amazon, Target, and many other retailers ahead of the holiday shopping season. Walmart was the king of the box for years, giving consumers the option to buy Christmas gifts or other expensive items on time at no additional charge. One caveat was that consumers …

Source: Shutterstock. A federal judge rejected a request from the conserved $ 4.3 billion Municipal Credit Union in New York to dismiss allegations by a former top executive who claims her supervisors ignored and retaliated against her for allegations of sexual harassment from the former MCU President and CEO Kam Wong. Former MCU Vice President …

WICHITA, Kansas – (BUSINESS WIRE) – CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a technology-enabled omnichannel consumer finance company serving non-prime and prime consumers in the US and Canada, announced today that it has entered in a definitive agreement to acquire Heights Finance, a consumer finance company that offers installment loans and offers customary optional …

On August 31, 2021, the District Court for the Western District of Texas upheld the Payment Provisions in the 2017 Consumer Financial Protection Bureau (CFPB) Rule “Payday, vehicle title and certain loans to high cost deadlines ”(Payday Rule), but on October 15, 2021, the Fifth Circuit extended a suspension on the Payday Rule while hearing …

Like many of their generation, my parents despised debt. When they were able to pay their mortgage, they did, what they called “burning the promissory note.” Hard times have forced many to retire with debt. It is going to make your retirement difficult from a financial perspective. Social security and pensions only cover a limited …

Regional Management Corporation ticker-coded (RM) now have 5 analysts covering the stock with the consensus that suggests a ‘Hold’ rating. The target price ranges between 68 and 41 calculating the average target price that we have 54.8. Now, with the previous closing price of 50.72, this indicates that there is a potential upside of 8.0%. …