New study findings from StepChange Debt Charity show a strong link between sub-prime
credit cards and problem debt.
A clampdown on sub-prime
credit cards that charge high interest rates is being urged by a charity.
And StepChange says these "sub-prime
" cards are typically offered to low earners and those already in financial difficulties.
The apex bank has raised a warning on the rapid growth in lending to indebted companies around the world and said that the trend is similar to sub-prime
lending that triggered the 2008 financial crisis.
Oh no, this was all the fault of American sub-prime
mortgages and, wait for it, the Tories.
"The credit quality of GM Financial's loan portfolio should improve steadily as the proportion of prime loans increases relative to near-prime and sub-prime
loans," said Jason Grohotolski, a Vice President and Senior Analyst at Moody's.
borrowers are those people with a credit score below 640.
"The Minister for Finance Michael Noonan has confirmed that 56% of the home sub-prime
mortgage book is in arrears of 90 days or more," he said.
auto financing (auto loans to car buyers who pay more for their financing because they are more likely to default on payments) is rising.
The Mayor of London said Americans "slagging off" the City following allegations of money laundering at HSBC made earlier this week in the US should remember the sub-prime
crisis that triggered the global recession started there.
Venice, FL, June 19, 2011 --(PR.com)-- Gulf Coast Auto Credit announces record sub-prime
auto loans funded in May.