Fitch cuts Greece’s credit rating amid default risk

April 1st, 2015 by Admin

The ratings agency Fitch has downgraded Greeces credit standing amid concerns that the cash-strapped country may default on its sovereign debt.

On Friday, the rating agency lowered ratings on Greeces long-term foreign and local currency bonds by two notches from B to the high-risk level of triple-C, citing funding risks for the countrys new left-wing government.

Lack of market access, uncertain prospects of timely disbursement from official institutions, and tight liquidity conditions in the domestic banking sector have put extreme pressure on Greek government funding, Fitch said in a statement.

The fresh downgrade means the eurozone country is not fit for investment...

Top Debt Consolidation Companies Lauded by 10 Best Debt

April 1st, 2015 by Admin

10 Best Debt is a rising awards organization that ascribes rankings to the highest-performing companies in different categories within the debt management industry. They have released their latest list of top 10 candidates for the coveted title of Best Debt Consolidation Firm; this list has come to be closely-regarded within the debt management industry.

San Francisco, California (PRWEB) March 23, 2015

Recently, 10 Best Debt issued praise and recognition for some of the best debt consolidation firms in the industry. The list of venerable firms that received awards for being the best in their field include Prosper, Lending Tree and Wells Fargo.

Essentially, 10 Best Debt...

Banks write off old debts worth billions

April 1st, 2015 by Admin

By Yiannis Papadoyiannis

The country?s four main banks were forced to write off old and expired debts of more than 2.5 billion euros last year in an effort to clean up their financial accounts, abandoning expected revenues whose collection they deemed unlikely.

According to figures from Alpha, Piraeus and Eurobank, the three systemic lenders wrote off nonperforming loans adding up to more than 2.3 billion euros, up from just 504 million euros in 2013. The Piraeus Group wrote off bad loans of 1.01 billion euros last year, Alpha crossed out 931 million euros and Eurobank discarded demands worth 382 million euros.

Bank officials told Kathimerini that the aforementioned were...

Alternative Lenders Negatively Impacted by Higher Approval Rates at Big Banks

April 1st, 2015 by Admin

Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in February 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com.

Big banks ($10 billion+ in assets) approved 21.5% of small business loan requests in February 2015, up from 21.3% in January. Further, loan approval rates at big banks have increased consistently for 10 out of the last 11 months, and a year-to-year comparison shows that they have increased by 12.5%.

“Big banks are starting to grant more conventional loans. This allows them to keep fixed loan expenses down...

How to Get Cash and Free Gas by Refinancing Your Auto Loan in Fort Worth

April 1st, 2015 by Admin

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Buying a new car offers the promise of convenience and the possibility of road trips. But in reality, it can also mean large monthly payments and frequent trips to the gas pump. Drivers in Fort Worth, Texas, who want a better deal on their car loans can look to Fort Worth Community Credit Union for competitive rates and a bonus worth $300.

When you refinance with FTWCCU, you will get $200 cash and a free $100 gas card. The promotion can reduce costs, and you might be able to get a low-interest rate that will reduce your monthly auto loan payments. To save on up-front costs, you wont have to make your first payment within the first 60 days after opening the loan. This promotional...

United Credit Consultants Awarded Gold Stevie(R) Award In ‘Collaboration …

April 1st, 2015 by Admin

BURNSVILLE, Minn., March 31, 2015 (GLOBE NEWSWIRE) — via PRWEB – United Credit Consultants was honored during awards gala banquet in late February at the Bellagio Hotel in Las Vegas. More than 500 executives from the USA. and several other nations attended. United Credit Consultants was presented with a Gold Stevie award in the Innovation In Sales category in the ninth annual Stevie Awards for Sales Customer Service. The Stevie Awards for Sales Customer Service honor organizations of all types and sizes and the people behind them. The Stevies recognize outstanding performances in the workplace worldwide. The Stevie Awards for Sales Customer Service are the worlds top sales awards,...

Fitch Publishes Touax’s IDR and Senior Secured Bond Rating at ‘BB-(EXP)’

March 31st, 2015 by Admin

(The following statement was released by the rating agency)
LONDON/BARCELONA, March 24 (Fitch) Fitch Ratings has published
Touax, SCAs
(Touax) expected senior secured bond rating and Long-term Issuer
Default Rating
(IDR) at BB-(EXP). The Outlook on the expected Long-term IDR
is Stable.
The expected ratings reflect the groups standalone
creditworthiness and the
envisaged funding and maturity structure, including a proposed
five-year senior
secured bullet bond issue of EUR200m and proposed repayment and
resetting of a
portion of existing debt.
The final ratings are contingent upon the receipt of final
documents conforming
to information...

RIP-OFF ALERT: Fake debt resolution companies can just walk away with your …

March 31st, 2015 by Admin

LAS VEGAS (KSNV MyNews3) — Postal inspectors say paying down debt can be affordable and most importantly safe, but there are scammers out there looking for easy targets.

The companies, which promise to help consumers avoid bankruptcy by consolidating debt, look tempting. In truth, postal inspectors warn, many of these websites and companies are not only expensive but also engaged in fraud.

[Theyre] not even regulated, they are not even registered with the FTC, they charge fees to customers that they shouldnt have and sometimes they just walk away with your money, said US Postal Inspector Leslie McClain.

The Federal Trade Commission regulates the debt settlement...

Springleaf Holdings (LEAF) Showing Signs Of Perilous Reversal Today

March 31st, 2015 by Admin

Editors Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified
Springleaf Holdings (
LEAF) as a perilous reversal (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Springleaf Holdings as such a stock due to the following factors:

  • LEAF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.0 million.
  • LEAF has traded 70,013 shares today.
  • LEAF...

EDITORIAL: Take charge of your credit reports

March 30th, 2015 by Admin

If credit were less important in our lives, then perhaps we could just not worry about it when things go wrong. But who can do that?

Consumer credit allows for families and individuals to pursue the American dream a home, cars, college education, even the thought of owning a small business. Most of us cant live without it.

Thats why it is disturbing to realize how flawed the system can be at times. As in: Fully one in five consumers have an error in at least one of their three major credit reports, according to a 2013 Federal Trade Commission study.

These are not errors of our making, but mistakes that creep in from creditors who report or key in bad information about...