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Poor Credit
| Loan For Poor Credit |
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4 Moves That Can Ding Your Credit
MOST PEOPLE KNOW THAT PAYING bills late can play havoc with your credit score. But not every move that shaves points from your credit score is so obvious.
Charging a big balance to a store card. You're tempted to buy thousands of dollars' worth of furniture or appliances and charge it all to a store credit card that doesn't require payments for six months or even a year -- and sometimes longer. B ...
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A No-Tax Stand, Based on No Facts
You would think that abysmal growth and jobs data, the first-ever downgrade of U.S. debt, and heart-stopping gyrations in the financial markets would impel political leaders at least to take a second look at some of their assumptions about restoring confidence in the U.S. economy. Sadly, you would be mistaken.
Whatever one thinks of the validity of Standard & Poor's decision to downgrade U.S. deb ...
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Argentina Credit Rating Alternative
As US regulators look to replace references to credit ratings in their rulemaking, Argentine pension funds have already been making investments using alternative means of analysis, including reports from local universities.
But while Argentina's regulators insist the selection process is thorough, financial attorneys have their doubts that the system operates exactly as intended.
"With the combi ...
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Credit And Equity Traders Differ After Moodys Cuts Japan Rating
Moody's downgraded Japan this week, bringing its rating in line with those from the other leading agencies by chopping the sovereign from Aa2 to Aa3. Credit traders saw that as an opportunity to sell CDS on Japanese companies, but equity investors largely ignored the move.
Moody's blamed political instability that has led to five different prime ministers in the last five years (with another on h ...
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Do Not Let the Debt Downgrade Scare You
The worst thing to do is panic in today's market. You can reach long-term goals if you stay the course
ALTHOUGH IT WAS WELL-TELEGRAPHED, I WAS still plenty surprised when Standard & Poor's downgraded the United States a notch from the highest credit rating AAA to AA+. But it seems I am now one voice in a growing chorus that believes Standard & Poor's made a massive mistake. Some might think the r ...
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Fitch Places Seven Banks On Ratings Watch
Fitch said after the market close that it has put seven major banks on a negative ratings watch for both long and short term debt. The banks, Goldman Sachs and Morgan Stanley in the U.S., and Credit Suisse, Deutsche Bank, Barclays PLC, Societe Generale and BNP Paribas in Europe, are expected to be affected by one or two ratings notches, if they are downgraded.
In a statement, Fitch cited the chal ...
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| New loans for poor credit articles edition... |
Get Over Treasuries
Standard & Poor's downgrade of long-term Treasury debt to AA+ is an embarrassment to the U.S. and the latest challenge to our economy's reputation for resilience. However, bond investors shouldn't get in a tizzy over the rating agency's move. Putting aside the extraordinary jump in Treasury bond prices (and the concurrent drop in yields) immediately
after the downgrade, a result of flight-to-qual ...
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Rating Agency Reform Grinds to a Halt
Despite the best efforts of US and European regulators, financial regulation experts say the market is no closer to finding an alternative to credit rating agencies.
In an IFLR web seminar on September 14, Simon Gleeson of Clifford Chance in London and Donald Lamson of Shearman & Sterling agreed that while there is a strong will to reduce the financial market's dependency on ratings, a viable, co ...
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S&P Credit Shot Serves as Wakeup Call
Investment strategists agree that the Standard & Poor’s credit rating service fired a shot across the bow of Congress and the Obama administration with its announcement Monday of a negative outlook for the AAA debt rating of the United States.
“The national mood right now is one where people are expecting Washington to start dealing with the debt, and this (credit rating announcement) is an oppor ...
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The Road to Self-Deception
BEWARE Italian government debt. Rising yields increase the country's financing costs and make it harder for the administration to balance its--We interrupt this column for a message from the European Commission. With Italy being advised by the International Monetary Fund, negative opinions about its bonds are not helpful. The publication of this article is not permitted.
Thankfully, the EU has no ...
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When Credit Ratings Lose Their Meaning
After downgranding the U.S., Standard & Poor's gives top marks to a subprime deal
Which is a safer investment: (A) Treasury bonds, backed by the full faith and credit of the U.S. government, or (B) securities backed by subprime loans, the same type of investments that led to the worst financial crisis since the Great Depression? For ratings company Standard & Poor's, the answer is B.
S&P stripp ...
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