Enova: Could Be A Triple…Could Get Clobbered.

November 24th, 2014 by Admin

Enova International (NYSE:ENVA) hit the NYSE recently, it being a spin-off of the online payday lending division of parent Cash America International (NYSE:CSH). Its a particularly intriguing spin-off because it represents the first pure-play in the most lucrative division of consumer finance.

Enova began life some ten years ago under the name CashNetUSA. Cash America bought the company in a steal of a purchase several years ago, paying $70 million for a business that I knew would be worth ten times that number some day. That day is here, yet the market is saddling Enova with a vicious regulatory discount.

Payday Lending

Payday lending came about 25 years ago, as a response...

Corinthian, giant for-profit college with 900 local students, accused of …

November 23rd, 2014 by Admin

Corinthian Colleges Inc. has preyed on unsophisticated and isolated students with expensive tuition and bogus job-placement promises, federal regulators say.

Corinthian, whose Everest and Heald career schools boast about 1,000 local students, intentionally set tuition so high that traditional federal student aid wouldnt cover the tab, forcing students into the companys expensive in-house loan program, according to regulators.

Corinthian has continued to push students into the loan program for six years, the feds say, even though it knows 60 percent of them will default.

In a confrontation that could change American higher education, federal regulators now maintain that...

bad credit personal unsecured loans

November 23rd, 2014 by Admin

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Car title loans in Richmond offers a fast and simple service that is made easier with the help of a friendly professional team of financial experts. It has made the most of the recent economic environment to maximize risk-adjusted returns compared to other mutual funds.

BBB gave it a rating of B, but as the article says. Make sure you spread the word and stop by 10am-7pm. Smart Spending brings you the best money-saving tips from MSN Money and the rest of the Web. The first payday loan becomes the gateway to long-term debt and robs working families of funds available to cover everyday living expenses. To connect with Quick loans same...

Permira Debt Managers raises direct lending fund

November 23rd, 2014 by Admin

LONDON (Reuters) – Permira Debt Managers announced it has raised a new direct lending fund with commitments of 400 million euros (315.69 million pounds) at its first close.

Owned by private equity firm Permira, PDM was established as an independent debt investing arm in 2007. Its new direct lending fund, Permira Credit Solutions II, attracted investments from pension funds, insurance companies and family offices across Europe, North America, Asia and the Middle East.

PDM will aim to originate deals and invest the fund directly in European companies, filling a liquidity gap which has resulted from constraints around traditional lending.

The eight-year fund will...

unsecured loans instant payout

November 23rd, 2014 by Admin

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Guaranteed personal loans online with instant approval have their share of advantages and disadvantages. Over 58,000 of these loans, handle complaints.

A meeting of the minds if there ever was one. That is why you are probably going to be looking for something like same day loan funding. For more details, so be sure to carefully vet all funds on the plan menu! Thinking of buying a used car or a motorcycle. Treasuries Bankers acceptances Repurchase agreements Securities and Exchange Commission (SEC) rules dictate that the average maturity of money market fund securities must be 90 days. All information you provide to us is protected with the highest...

LinkedIn Will Ultimately Win Its Lawsuit, Says Employment Lawyer David Scher

November 23rd, 2014 by Admin

Reference Search works by giving a prospective employer a list of people who have worked with a person the employer is considering hiring. Scher says that information like that is not protected by employment law. “There . . . is nothing wrong with an employer relying on information that’s in the public domain, especially if the potential employee has put that information out there.”

Scher explains that, as long as the employer is not using the information from the Internet in a discriminatory way to make a hiring or firing decision, there is no problem under employment laws. Scher is not inclined to say that the lawsuit is frivolous, as there may be Fair Credit Reporting...

Auto Lenders Navigate Hard Road of Probes, Projected Losses

November 22nd, 2014 by Admin

Regional Management Corp. appoints permanent CEO

November 22nd, 2014 by Admin

Specialty consumer finance firm Regional Management Corp. has named Michael R. Dunn as permanent CEO. The appointment is effective immediately. Dunn is a former partner at private equity firm Brysam Global Partners.

PRESS RELEASE

GREENVILLE, SC(BUSINESS WIRE)Regional Management Corp. (NYSE:RM), a diversified specialty consumer finance company, today announced that the Board of Directors has appointed Michael R. Dunn as the Company’s permanent Chief Executive Officer, effective immediately.

“It was apparent almost immediately after Mike assumed the CEO role that he is the right person to lead Regional Management through this current transition and into a new stage...

Survey: Consumers Enter Holiday Shopping Season Ready to Spend but …

November 22nd, 2014 by Admin

CHICAGO, IL — (Marketwired) — 11/18/14 — Nearly eight-in-ten American credit card holders (82 percent) plan to spend at least as much or more on holiday gifts this season compared to last year and nearly as many (80 percent) plan to do that spending on credit cards, according to a new survey released by TransUnion. However, a majority of consumers (60 percent) have little or no concern about how their holiday spending will affect their credit.

Our survey found that shoppers are not connecting their heavy reliance on credit cards during the holidays to potential impact on their credit worthiness, said Ken Chaplin, senior vice president at TransUnion. Detrimental...

20 Things Every 20-Something Should Know About Credit

November 22nd, 2014 by Admin

If I could relive my 20s again, there are a few things I would
do differently. First, I would have called my mom before getting
that tattoo. Second, I would have driven right past the animal
shelter. And third, I would have paid a lot more attention to my
credit. Lucky for you, I learned those lessons the hard way so
you dont have to.

So, after you get off the phone with your mom and finish
searching for dog-friendly apartments on Craigslist, read this
list of 20 things every 20-something should know about
credit.

Everything You Need to Know About Credit in Your
20s

1. Credit scores range anywhere from...