“The best way to break a bad habit is to drop it.”- Leo Aikman Do you know that nearly 27,000 Bahamians’ are 90 days or more overdue on their loan payments? Believe it or not, that is the startling facts revealed in the Central Bank’s fourth quarter report for 2007. The report shows that … Read more
Subprime mortgages are loans made to people with less than pristine credit. It’s a code word for those of us who have some sort of credit issue in our past and don’t make the cut as a “prime” borrower. For several years now, subprime borrowers have been getting subprime loans, which mean loans with substantially … Read more
With open enrollment season upon us, consumers have a chance to evaluate these consumer-driven plans and decide if these new options might be right for them. Past editions of this study have accurately predicted other health care changes, so these findings carry a great deal of weight among industry leaders. Consumer-driven health plans, which … Read more
Payday loan is a very short-term loan that is offered to a borrower to cover the expenses until his or her next payday. The amount may vary from 100 dollars to 500 dollars on a two -week term, the interest rate ranging from 390 percent to 780 percent .The most appealing part of payday loan … Read more
As the Treasury and the Department of Housing and Urban Development meet with loan servicers to discuss how to quicken the pace of loan relief in the form of loan modifications the reasons/excuses for their slow rollout are being presented by industry watchers and economists. Faced with increasing frustration on all fronts, the aim of … Read more