Christine Robinson Purchases Existing Renew Crew Franchise
Unstable Economy Spurred Former Accountant to Take Control of Her Future
St. Louis, Mo. (PRWEB) September 09, 2014 – Christine Robinsons job search wasnt going as well as planned after she left her 17-year career as an accounting manager at a small business. Rather than wait for an opportunity to come her way, Robinson took control of her life and jumped from employee to employer.
As the years go by, I have less and less faith in the stock market and the economy, she said. I felt very strongly [that a business] was the safest...
JOHANNESBURG (Reuters) – Malawi central bank left its benchmark lending rate unchanged at 22.5 percent on Tuesday, citing mainly the uncertain outlook for inflation.
Some risks still remain to the inflation outlook, the Reserve Bank of Malawi said in a statement posted on its website, singling out uncertainty in the food sector and the countrys budget.
The committee therefore noted that fiscal consolidation will be crucial to ensuring that inflationary pressures are
The head of consumer-product marketing at Google Inc. (GOOG) and a former general counsel for a travel website are seeking to transform the mortgage-finance industry. Michael Burry, the hedge-fund manager who foresaw the housing market’s nosedive, is betting they can.
Brett Crosby left his post at Google last week to join Brew Johnson, once a lawyer for a company acquired by TripAdvisor Inc. (TRIP), to start PeerStreet Inc., a Los Angeles-based online platform for financing real estate through a form of crowdfunding. They’re partnering with small, non-bank lenders whose short-term commercial-property loans they can fund using a throng of individual investors.
From 12 August 2014 to 12 September 2014, the Monetary Authority of Singapore (the MAS) is seeking feedback from the public on proposed changes to the net personal asset test in the unsecured credit rules. The proposals are set out in a consultation paper that the MAS issued on 12 August 2014 (the Consultation Paper).
In a separate consultation paper on Proposals to Enhance Regulatory Safeguards for Investors in the Capital Markets (the July 2014 Consultation Paper) that the MAS issued on 21 July 2014, the MAS is proposing, among other things, changes to the concept of an Accredited Investor (AI) under the Securities and Futures Act (the SFA).
- Over two-thirds of $9.445 billion for energy financing in FY14 went to regions facing the largest energy deficits – Sub-Saharan Africa and South Asia.
- At $3.6bn, FY14 is one of the strongest years on record for Renewable Energy lending.
- IFC renewable and energy efficiency lending went from $1bn in 2013 to over $1.4bn in 2014 – a record 25 percent going to wind energy.
“That’s why it is extremely important to read the fine print, understand the fee schedule and pay off the balance of the subprime credit card on time every month,” says Tselenchuk.
Secured Credit Cards
If you have unsuccessfully applied for a traditional prime credit card (one offered to those with a FICO score in the 700’s and up) or are only receiving offers for subprime credit cards with exorbitant interest rates and fee structures, your only alternative might be a secured credit card, says Kari Luckett, content strategist for CompareCards.com.
Secured credit cards are typically accepted at the same places as a traditional VISA or other type...
In the last column, when we discussed some of the aspects of auto and student loans, we began looking at a concern expressed by the authors of House of Debt the only way our economy can generate significant consumer spending is through aggressive lending to borrowers with low credit scores.
Not that they are directly related to subprime lending, but the topic always makes me think about two anecdotal stories. First, I cant tell you how many debtors, when I asked them whether they would have lent the money to themselves for that car, home, or credit card, (when they were honest about it) said definitely NO. Then there...
By Saliem Fakir
At first glance the connection between Marikana and African Bank Investments Limited (Abil) may seem tenuous. But there is a connection. Moneylending is the unholy connection between Marikana and the position that Abil finds itself in today, revealing the underbelly of a troublesome industry that has become a systemic problem for South Africa.
Even the ratings agencies believe so. They have not just downgraded Capitec, a bank similar to Abil with a huge unsecured lending portfolio, but also the untouchable big banks. This despite protests from the South African Reserve Bank (SARB).
The moneylending industry should not only...
JD Group Ltd. (JDG), the South African
furniture retailer controlled by Steinhoff International
Holdings Ltd. (SHF), gained in Johannesburg as investors took
encouragement from the sale of its lending unit.
JD said yesterday it agreed to sell the division to an
international consumer-finance provider in a deal that will
reduce future funding requirements at the Johannesburg-based
company. The shares rose as much as 6.9 percent to 24 rand.
“JD Group doesn’t want to fund the book and this allows it
to focus on its retailing and product range,” Mark Hodgson, an
analyst at Cape Town-based Avior Capital Markets Ltd., said by