“Bk Of Spain: Banks Can Absorb 40% Losses On Real Estate Loans (The Forex Market)” plus 4 more |
- Bk Of Spain: Banks Can Absorb 40% Losses On Real Estate Loans (The Forex Market)
- Firm offers women loans for luxury handbags (Independent Online)
- Prepaying your personal loan? What you must know (rediff.com)
- The University Times | The University of North Carolina at Charlotte's Student Newspaper Since 1949 (Niner Online)
- Hecker income is 401(k), loans (Pioneer Press)
Bk Of Spain: Banks Can Absorb 40% Losses On Real Estate Loans (The Forex Market) Posted: 04 Nov 2009 04:38 AM PST The Dow Jones content is the property of Dow Jones or its licensors, and is protected by copyright and other intellectual property laws. If you are an individual, you agree not to store, copy, reproduce, modify, distribute, transmit, display, perform, publish, transfer, create derivative works from, broadcast or circulate any Dow Jones content to anyone, including but not limited to others in the same company or organization, without the express prior written consent of Dow Jones. If you are an entity, you agree not to permit access to the Dow Jones content by anyone other than an employee of you.
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Firm offers women loans for luxury handbags (Independent Online) Posted: 01 Nov 2009 09:53 PM PST [fivefilters.org: unable to retrieve full-text content] A Hong Kong firm has launched a series of television commercials offering personal loans in exchange for ladies' luxury handbags. |
Prepaying your personal loan? What you must know (rediff.com) Posted: 02 Nov 2009 07:54 PM PST ![]() Before opting for a personal loan, you must be aware of the method of calculation of interest rates on such loans. This is very important to know in order to compare other options (interest rates) available to you. Personal loans usually come with either flat rate, reducing balance or advance equated monthly installment, EMI, (normally used for consumer durable loans). Take the case of the flat rate; the interest charged is basically simple interest. So if you take a personal loan of Rs 2,00,000 at a flat rate of 15 per cent, your interest is going to be Rs 30,000 per year for the tenure of your loan. In the case of reducing balance, the EMI and the interest computation is equated in EMIs over the tenure of the loan and then you are charged. The interest is charged on the balance outstanding. So effectively this means that between going for 10 per cent flat and 10 per cent reducing EMI method for the same tenure, the reducing balance is a cheaper option. In advance EMI, lenders normally take two to three EMIs in advance thus effectively reducing your principal amount. Interest is charged on the entire amount instead of the reduced principal interest. So basically, for a loan of Rs 2,00,000 with three advance EMIs of Rs 30,000 your loan may actually be for Rs 1,70,000 but you may be charged interest on the entire Rs 2,00,000.
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Posted: 03 Nov 2009 10:03 PM PST Published: Tuesday, March 25, 2003 Updated: Saturday, August 16, 2008 As typical college students living in today's economy, most of us are well aware of loans. One type of loan that UNC Charlotte offers its students is called a personal loan, one that many do not know about. This loan allows a student to take out money for any personal reason they may have.
To receive a personal loan, a student can go to the Financial Aid office to apply. The minimum amount that can be borrowed is $100 and the maximum amount is $300. This loan can be taken out for any reason, such as paying off credit card bills, buying food or putting gas in your car.
Short-term loans are a second type of loan also available for students in the Financial Aid Office. These loans are available to all regular students (no visitors or post-bac students).
Short-term loans are also available for the amount of tuition and fees for in state residents. Out of state residents may borrow a maximum of $1,000 towards tuition and fees.
To be eligible for these loans, students must meet the following criteria:
The date in which you must repay these loans are 60 days after the date in which the loan was applied for, or the end of the term (15th or 30th of the month), whichever comes first.
"I was never aware that this type of help was given by our campus," said Kevin Anderson, a UNCC senior.
Lily Reynolds, a UNCC sophomore, said that she has used the short-term loans in the past for tuition, but was never aware of the personal loan that could be applied for.
"This is a great benefit that I never knew about. Now I can try to pay off my credit card bill," Reynolds said laughing. This content has passed through fivefilters.org. |
Hecker income is 401(k), loans (Pioneer Press) Posted: 03 Nov 2009 01:43 PM PST Since former Twin Cities auto dealership mogul Denny Hecker declared bankruptcy in June, his estranged wife and his bankruptcy trustee have accused him of living lavishly and questioned where the money was coming from. Filings in Hecker's divorce case Tuesday provide a partial answer. Hecker has deposited more than $355,000 into a bank account for his new business, New Dimension Advisors, court records show. The biggest chunk, $125,155, comes from Hecker's own 401(k) account. But the deposits also include a $100,000 loan from the company that bought one of Hecker's former dealerships and two personal loans totaling $50,000 from longtime friend Ralph Thomas, whose bank claims Hecker misrepresented his financial situation to get a business loan in the spring of 2008. Hecker's attorney, Bill Skolnick, did not return a request for comment. Until recently a high-profile local auto dealer, Hecker owes creditors more than $767 million. He is also the subject of a federal fraud investigation. Hecker, 57, has not been charged with any crime and denies any wrongdoing. Tamitha Hecker, 42, filed for divorce in the spring, just as the couple neared 15 years of marriage. The couple has two children, now 14 and 8. Hennepin County Family Court Judge Jay Quam, overseeing the Heckers' divorce, asked the fallen auto mogul three weeks ago to submit documentation of his current income and expenses in order to decide whether to grant Tamitha Hecker's request for $7,500 monthly alimony.The three-page document Denny Hecker filed Tuesday lists 12 deposits into a bank account for New Dimension Advisors. In addition to the loans from Thomas, the deposits include a $100,000 loan from LKMCD Properties LLC, the company that bought Hecker's Inver Grove Heights Toyota dealership. The deposits also included more than $54,000 in "reimbursements" that were not otherwise explained and about $700 listed as "unknown." Four deposits, adding up to about $25,000, designated as consulting fees listed in the divorce filing don't indicate the names of the clients. The document did not list any expenses. Quam said Tuesday he has not decided whether there will be another hearing or what the next step in the process will be. Thomas loaned Hecker $50,000 of his own money — even though Hecker defaulted on $7 million he still owes Thomas' bank, Vision Bank of Fargo, N.D. The bank claimed in bankruptcy filings that Hecker misrepresented his financial situation when obtaining a $5 million business loan and $3 million line of credit in the spring of 2008. Hecker has denied the allegations. "He's been a good friend of mine for years," Thomas told the Pioneer Press on Tuesday. In 1982, Thomas hired Hecker to work at the Minneapolis Auto Auction, a business Hecker later bought with the help of Walter Bush, the founder of the Minnesota North Stars hockey team. Documents filed in the early 1980s in Hecker's divorce from his second wife show that Hecker was the beneficiary of a $1 million insurance policy taken out in Thomas' name. Thomas said he believes Hecker intended to repay Vision, and if it weren't for the $660 million he borrowed from Chrysler Financial, Hecker would still be in business. "He's a good guy and he'll be OK," Thomas said. "How he's put up with this (situation) is beyond me." Hecker had expected that a consulting agreement tied to the sale of his Inver Grove Heights Toyota dealership would provide $20,833 in monthly income over four years. He has not received any of that money because the bankruptcy trustee has questioned whether it is a diversion of the purchase price. The trustee filed a lawsuit that is still pending. The trustee has broad authority over the assets in Hecker's bankruptcy estate. Last week, the judge in Hecker's bankruptcy case denied a deal to sell Hecker's Brainerd-area Toyota dealership to Paul Walser, head of Bloomington-based Walser Automotive Group. That deal would have included a consulting agreement to pay Hecker $10,416 monthly for four years. The divorce-court filing Tuesday noted that "that transaction as of today will not happen." Meanwhile, Toyota Motor Sales USA filed a motion in bankruptcy court Monday asking to terminate the dealer agreement with Hecker for that business, saying a new dealership can't be opened in the Brainerd area until the agreement is terminated. Toyota says that it is "losing sales and service opportunities to competitors and thereby suffering significant damage to its image." Customers have to drive more than 60 miles to St. Cloud for service work or to purchase a Toyota, the filing said. A hearing is scheduled for Nov. 12. MaryJo Webster can be reached at 651-228-5507. Nicole Garrison-Sprenger can be reached at 651-228-5580. This content has passed through fivefilters.org. |
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