Car Loans Australia
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MAKING NEWS
Thu, 18 December 2008
Toxic mortgages ignored in US bailout
US authorities have scrapped plans to use a huge financial rescue plan to buy up toxic mortgage assets.
Treasury Secretary Henry Paulson said the $US700 billion ($1 trillion) Troubled Asset Relief Program (TARP) would focus now on continued capital injections to struggling banks, but would also look at ways to help the "non-bank'' financial sector.
This could include rescue efforts for credit card and car loan debt which, like mortgages, was often packaged into securities sold to investors, Mr Paulson said. Source: courier mail
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Finance: Default and repossession
Most people would assume that a default under a loan contract means that payments havent been made but, as you are about to learn, there are other reasons why a lender may have the right to repossession ... more
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When should I use a personal loan?
Unsecured personal loans are designed to be undertaken without the need to secure the loans against collateral, such as a property or a car. This makes unsecured personal loans ideal for people who do not own their own home and for people who have no other type of collateral to secure personal loans against ... more
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