When the world’s biggest loan servicing company is gone

In a world where the biggest companies, banks and credit unions are all struggling to cope with a massive and unsustainable global economic downturn, one of the biggest lenders has quietly stepped into the breach.Borrowing giant Jumbo Loan, which provides loans in the UK, Ireland and Northern Ireland, announced that it will stop servicing its […]

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Which student loans are you paying off?

Navient Student Loans has found the most popular student loan products for students with credit scores below 150 and $50,000 in debt.The data shows that students who have credit scores above 150 and debt totaling $50 million have the lowest interest rates.The biggest borrowers of all are students with an average credit score of 300 […]

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Why is a central loan agency so valuable?

There are three central loan agencies in Canada: the CRTC, the BMO, and the BIS.All three of these agencies have been around for decades and are well-respected for their service.But now, they’re being forced to close their doors.“In recent years, the central banks of Canada have been struggling to manage the growing costs of inflation […]

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Banks won’t give out credit cards that are secured, and the U.S. will stop providing credit cards with “secured” status

The Federal Reserve Bank of New York (FRBNY) will not provide credit cards as “securitized” by the U,S.government.FRBNY officials announced on Thursday that they will stop offering credit cards at this time, with the exception of a limited number of secured credit cards issued by the US government.The Federal Deposit Insurance Corporation (FDIC) announced on […]

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Which lender is the best for online loans?

The US Department of Justice has issued a new guidance to lenders that encourages them to review their online lending policies to ensure they don’t discriminate against people with disabilities.Key points:The DOJ wants lenders to review policies for individuals with disabilities to make sure they aren’t discriminating against themThe policy will help ensure consumers with […]

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How to find the right loan rate

The average Australian land loan is $1.15 million, according to research from the Land and Property Institute.But that’s not the only amount you’ll have to pay out.We’ve rounded up all the loan rates and loan amounts that will come with the land you’re buying.Land loan calculator

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