Debt management cell to become operational next month: adviser

Adviser to Finance Ministry, Rana Asad Amin has said that a fully functional debt management cell would be made operational by next month to manage and reduce the countrys debt-to-GDP ratio. Speaking as chief guest at the concluding session of National Debt Conference jointly organised by PRIME and Business Recorder in collaboration with Friedrich Nauman Foundation, Rana said the government plans to reduce public debt to less than 55 percent of GDP by June 2017 and move towards a sustainable profile.

He said to achieve the object, a debt management cell is being established, which is an essential component of Fiscal Responsibility and Debt Limitation (FRDL) law but so far the job remained...

Huntington Bank tops U.S. in Small Business Administration loans

By JIM ROSS

For The State Journal

Huntington Bank was the nations largest lender in the number of 7(a) loans for the Small Business Administration fiscal year that ended Sept. 30.

Huntington made 4,183 SBA loans in its six-state footprint, an increase of 37 percent over last year when the bank was the third largest lender in the country, the bank recently announced.

The second-largest SBA lender in terms of loans made was Wells Fargo Bank with 4,037. In terms of dollars lent, Wells Fargo was largest with about $1.6 billion in loans, while Huntington Bank was fifth, with about $557.5 million.

In Huntingtons service region, JP Morgan Chase Bank made 419 loans....

Frankencredit? Not a Monster, Just Misunderstood

Do you have some noticeable scars present in your financial history? Is it maybe even a little disfigured in places? If your credit report looks like a patchwork of ups and downs, highs and lows, it may be difficult for you to qualify for a traditional loan. However, we here at Auto Credit Express arent afraid of monsters, even Credit Monsters.

Need Car Now!

Bad credit can keep you from a lot of things, but it doesnt stop you from needing reliable transportation. Most people in the modern world need a vehicle that they can trust for work, school or just everyday errands.

Having a car means not having geographical restriction and NOT having to be ride-needing...

Debt Management Plans explained

What is a Debt Manangement Plan?

Youre in debt and youre getting threatening letters from creditors. Youre also getting pestering phone calls from creditors who prefer to try and pin you down by tackling you directly. Not a good situation to be in.

Unless you are seriously heading for bankruptcy (because you, literally, do not have the means to meet your bills), youll probably be looking at whats called a Debt Management Plan. This is an assessment of how much you can realistically afford to offer each of your creditors in order to pay off the money that you owe.

In practice, it means that you work out what your essential bills are rent/mortgage, Council Tax, gas,...

Greenpath Credit Counselors Host Personal Finance Twitter Chat on October 22 …

Related:
Press Release, News

FARMINGTON HILLS, Mich., Oct. 21, 2014 /PRNewswire-USNewswire/ GreenPath Debt Solutions education and training department will host its first Twitter Chat on Wednesday, October 22 at noon ET under #GPKnows.

The nationwide, non-profit credit counseling and education organization, headquartered in Farmington Hills, Michigan, will field tweets on a relevant personal finance topic: As the Fair Issac Corporation recently announced adjustments to how credit scores are compiled, GreenPath will answer tweets around changes in credit scoring, and will also address any other credit report and credit score related questions.

Well be available...

Is Buying a Program Car a Good Deal

Buyers with less than perfect credit might want to take advantage of a special type of used car known as a program vehicle or executive car.

Buying a Program Car

Most borrowers with bad credit will choose to finance a used car because theyre more affordable. But even in this case buyers can be given choices. In addition to regular used cars as well as certified used cars that come with a manufacturer-backed extended service contract, theres also a third type of used car.

What is a Program or Executive Car?

Called program, factory executive or brass hat vehicles, these are used cars that have been owned by the manufacturer and either leased or provided to executives...

Paying Taxes on a Repossession

The fact that repossession is a black mark on your credit is bad enough but it could also result in a tax bill from Uncle Sam.

Paying Taxes on a Repossessed Car?

At Auto Credit Express we believe its our job to educate consumers with bad credit about the subprime auto loan process in the hopes that they will complete the process successfully.

Thats because, according to information from Experian Automotive, consumers financing a vehicle from a high-risk lender are roughly twice as likely to have thier auto loan end in repossession versus buyers financing with a conventional vehicle loan. And, once repossessed, this could mean bad things for you come tax time.

Repossession

According...

In profile with Matthew Cheetham CEO of Harrington Brooks

We also provide an increasingly broad range of financial and legal services to overly indebted UK consumers. As well as debt management, IVAs, PTDs etc. which Harrington Brooks is well known for, we also have a solicitors business (Castle Keep Law) which provides legal advice to all of our customers, as well as specialising in care home claims. In addition to this, we also have a claims subsidiary, Financial Claim Services, which helps customers reclaim PPI premiums and packaged bank account charges if they have been mis-sold.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With …

NEW YORK, Sept. 30, 2014 (GLOBE NEWSWIRE) — Pomerantz LLP has filed a class action lawsuit against Ocwen Financial Corporation (Ocwen or the Company) (NYSE:OCN) and certain of its officers. The class action, filed in United States District Court, Southern District of Florida, West Palm Division, and docketed under 14-cv-81064, is on behalf of a class consisting of all persons or entities who purchased Ocwen securities between May 2, 2013 and August 11, 2014, inclusive (the Class Period). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the Exchange Act).

If you are a shareholder...