“Reduce personal Income-tax (Central Chronicle)” plus 3 more |
- Reduce personal Income-tax (Central Chronicle)
- Personal Finance I, Taxes Feature Release (Business Wire via Yahoo! Finance)
- Jury still out on lawsuit loans (Las Vegas Business Press)
- EZCORP 1Q profit rises 73 percent (AP via Yahoo! Finance)
Reduce personal Income-tax (Central Chronicle) Posted: 21 Jan 2010 06:26 AM PST Rising prices, growing Central Government deficit and fall in personal Income-Tax collection are grim indicators of the difficult days ahead. The UPA government is also under pressure to have a re-look at the personal Income Tax rates. The stimulus has boosted corporate profits. The individual has suffered erosion in terms of job losses, wage cuts and by contributing far less to the government kitty. Now, it is their turn to get a stimulus through a cut in Income-tax rates.
Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Personal Finance I, Taxes Feature Release (Business Wire via Yahoo! Finance) Posted: 21 Jan 2010 12:01 PM PST SAN FRANCISCO--(BUSINESS WIRE)--The following release focuses on the topic Personal Finance I, Taxes: ALL TIME-OFFS ARE IN EASTERN TIME, UNLESS NOTED STORIES MOVED AT 4:35 AM ET ON JANUARY 21, 2010. Taxes, Refinancing and Mortgage Modification: Four Useful Tips Source: We Save Homes, Inc. The following knowledgeable industry leader and scholar from Business Wire's ExpertSource database is available to discuss topics relating to Personal Finance I, Taxes Bruce Cornelius, CreditReport.com Former exec with Countrywide, Ditech, Fannie Mae and Freddie Mac. Bruce Cornelius now advises consumers on how to improve and manage their credit scores. Bruce Cornelius brings more than 20 years of award-winning Web marketing and financial services business development achievements to CreditReport.com. He has held executive management positions with GMAC/Ditech, Countrywide Home Loans, Realtor.com, Fannie Mae, Freddie Mac, and Dun & Bradstreet. He is a recognized leader in producing award-winning financial services websites and launching e-commerce products and services. Prior to joining CreditReport.com, Cornelius provided strategic consulting and advisory services to early stage and emerging growth companies such as Virgin Money USA. Cornelius holds a B.S. in Finance and Economics from Boston College. He is a recent recipient of the Market Bridge Award having been recognized for his work using Web-based technologies to bridge the gap between consumers and financial institutions. PR Contact: Paula Brici, paula@madisonalexanderpr.com, 949-677-6527 Registered journalists can submit queries to the ExpertSource staff and/or search for more experts in this and various other topics by going to www.businesswire.com and logging in with your email address and PressPass password. If you are not registered, you may do so at www.businesswire.com. For more information or assistance with ExpertSource, please contact Stacey Frank, ExpertSource Coordinator/Business Wire at 312/223-1037, stacey.frank@businesswire.com. The following are upcoming Features Package release dates: Questions? Contact Business Wire's Media Relations team at media.relations@businesswire.com or features@businesswire.com. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. This posting includes an audio/video/photo media file: Download Now |
Jury still out on lawsuit loans (Las Vegas Business Press) Posted: 20 Jan 2010 05:32 PM PST Jury still out on lawsuit loansState Bar of Nevada sends mixed messages on subject A car, house, or stocks and bonds are typically what's thought of as appropriate collateral for loans. Much to the chagrin of the State Bar of Nevada, however, the ubiquitous car accident lawsuit and other types of civil litigation can be used as financial instruments as well. This once little-known practice is gaining in popularity, too. "There are hundred of attorneys in Nevada who refer clients to me," he said. "I think a lot of lawyers are a lot more accepting of the lenders now." Attorney Glen Howard said he doesn't refer clients to any one company, but will give clients information. "I give them the options of different places and tell them to be very careful who you are dealing with. ... They have to look up the information on the Internet," he said. The cautious attitude on the part of some attorneys likely stems from the conflicting messages coming from the State Bar on the subject. Initially, a State Bar ethics committee opinion said the practice of Nevada lawyers' referring clients to third-party lenders was acceptable. However, the State Bar Counsel, which enforces the rules, has since come out against lawyers referring clients' to settlement lenders. Such a referral would run afoul of the State Bar's rules. Those prohibit lawyers from having others do things for their clients if the attorneys themselves are not allowed to. And lawyers are not allowed to financially assist their clients, said State Bar Assistant Bar Counsel Phil Pattee. In the event a client gets a loan against their settlement on their own, the lawyer is still required to honor the lien on the case. The State Bar has not received any complaints from clients involving such settlement loans. The contradicting stances might have confused lawyers, Pattee said. "If some attorney said they were acting on this (ethics committee ruling) in good faith, we might have trouble pursuing them." Preferred Capital charges interest rates in the "upper 30s" and assesses no fees. That is reasonable by hard-money, high-risk loan standards, Garelli said. He claims some of his unlicensed competitors have been known to charge interest as high as 180 percent. "They avoid licensing by saying they are doing 'advances.' " Other settlement loan companies contacted did not respond to request for comment. The Department of Business and Industry had no complaints on record against its licensees. Some lawyers and clients admitted to being leery of many lawsuit lenders. They considered Preferred one of the reputable companies. "I called a couple other places and they didn't sound good, and my lawyer referred me to (Preferred Capital)," said Renee Locke, a customer of the Las Vegas Preferred Capital Lending office. Locke spent more than 30 years as a casino dealer before being disabled by an on-the-job injury two years ago. She has been fighting for a workers compensation settlement since and scraping to get by, she said. "I am on disability and it is hard to get banks to lend me money," Locke said. She has now taken out five loans. The former dealer also turns to payday lenders, but says her overall experience was better at Preferred. "They were so nice to me, and they didn't try to take a lot of my money," she said. "Sometimes I'd ask for $3,000 and they'd just give me $1,500. And I don't have to pay it back until my case is done." Typically, the newer the case, the smaller the loan amount, Garelli said. He likes to keep loans to 10 percent or less of the total estimated value of the case. Longtime personal injury attorney Ed Bernstein is opposed to settlement loans. He will try to talk his clients out of leveraging their settlements for cash advances. "If a client took out a loan for $20,000 on a $100,000 case, in a few years after interest and fees, the client owes $100,000," he said. "Where's the incentive to show up in court when you have to pay that $100,000 back to someone else?" Contact reporter Valerie Miller at vmiller @lvbusinesspress.com or 702-387-5286. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
EZCORP 1Q profit rises 73 percent (AP via Yahoo! Finance) Posted: 21 Jan 2010 02:39 PM PST AUSTIN, Texas (AP) -- EZCORP Inc. said Thursday its fiscal first-quarter profit rose 73 percent on higher revenue driven by demand for pawn shop loans. Looking ahead, its CEO said second-quarter profit would be below Wall Street expectations but predicted that 2010 profit would beat the Street view. The company reported profit of $25.7 million, or 52 cents per share, in the quarter that ended Dec. 31. That is up from the $14.8 million, or 33 cents per share, it earned a year earlier. The quarterly profit beat a 42 cent per share prediction of analysts polled by Thomson Reuters. Analysts usually exclude one-time items. Revenue rose 44 percent to $184.8 million from $128.6 million. Analysts had expected $160 million. CEO Joe Rotunda said there was strong demand for loans in all the company's businesses. He predicted second-quarter profit would be 43 cents per share, lower than the 44 cent per share estimate from Wall Street. And Rotunda said the company expects 2010 profit of $1.81 per share, which is higher than the $1.69 per share analysts expect. EZCORP operates pawn shops that make short-term loans to people who offer personal property as collateral. It is based in Austin, Texas. The stock rose 45 cents, or 2.5 percent, to $18.70 in after-hours trading Thursday, after closing the regular session up 14 cents at $18.25. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
You are subscribed to email updates from Add Images to any RSS Feed To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |
0 comments:
Post a Comment