How to check your child’s credit report

    April 21st, 2015

    Checking is especially important if you suspect your young child
    is the victim of identity theft. Teens also should check for credit
    reports in their names if they suspect someone may be using their
    name and Social Security number to commit credit fraud.

    Unless identity theft and credit fraud are caught and corrected,
    they can hinder a childs ability to get credit, jobs or housing
    once he is an adult.

    Protecting their financial future

    Some children might legitimately have a credit report. For example,
    a teen might have a report if parents authorized him or her as a
    user on their credit card.

    However, in most other cases, the existence...

    Funding Wonder Launches Online Marketplace for Small Business Loans

    April 21st, 2015

    NEW YORK–(BUSINESS WIRE)–Funding Wonder, Inc., a social lending community that brings together
    investors and small businesses seeking loans, today announced the public
    launch of its service. This milestone was marked by the filling of the
    first small business loan on the Funding Wonder marketplace.

    Funding Wonder had a soft launch in September of 2014 and since then has
    built a qualified small business loan pipeline of over $5 million and
    anticipates that number will expand to $50 million in the next twelve
    months. This growth will be driven by lending to franchise businesses.

    The Pros & Cons Of Personal Loans vs. Credit Cards

    April 21st, 2015

    Not quite. The overwhelming advantage to borrowing on a credit card, rather than from a bank, is that only the former charges zero interest. Really, it does. Thats not a typo. Check your cardholder agreement if youre skeptical.

    Thats right. For the first 30 days after you purchase something, doing so on a credit card is the equivalent of doing so with cash. The listed price for the item is what you pay. Keep the terms of your loans sufficiently short, and youll have the lender dancing to your tune. With a personal loan from a bank, youre paying interest from the day you take possession of the money. Even if you never use it, which defeats the purpose of borrowing the money in the first...

    Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans …

    April 21st, 2015

    In Spain, Bankinter has been forced to deduct some clients’ mortgage principal payments because an interest-rate benchmark tied to Switzerland’s currency has dipped into negative territory.

    In January, the Swiss National Bank ended a 3½-year policy of capping the strength of the franc against the euro, sending the Swiss currency soaring against the common currency and US dollar, and cut bank deposit rates into negative territory. The move to end the cap on the franc was designed to relieve pressure on Swiss exporters, many of which are reliant on the eurozone for sales.

    During Spain’s home-building frenzy in the middle of the last decade, Bankinter issued...

    Lessons learned from the mortgage crisis

    April 20th, 2015

    I moved to Glenwood in 2008 intent on establishing an estate planning and probate practice. If I were wedded to that objective, my timing was bad. I hadn’t been here a month when Bear Stearns collapsed, and the average 401(k) began an abrupt descent into 201(k) territory.

    Under such economic conditions, hiring a lawyer to draft a will was on the bottom of many priority lists, so I spent several years doing something quite different and unexpected — troubled loan work for lending institutions. This work included loan sales, refinances and foreclosures.

    Most of my foreclosure work focused on development and commercial property. We didn’t handle residential...

    About Santander Consumer USA Holdings Inc.

    April 20th, 2015

    DALLAS, April 15, 2015 /PRNewswire/ — Santander Consumer USA Holdings Inc. (NYSE: SC) (SCUSA) will release first quarter financial results on Tuesday, April 28, 2015. SCUSA management will host a conference call to discuss the quarterly results at 10:30 am Eastern Time on April 28.

    The conference call will be accessible by dialing 844-856-2691 (US domestic), or 815-926-1990 (international), conference ID, 24853184. Please dial in 10 minutes prior to the start of the call. The conference call will also be accessible via live audio webcast through the Investor Relations section of the corporate website at Choose Events and select the information...

    OPP credit alert bank teller as fraud, identity theft charges laid

    April 20th, 2015

    A 27-year-old Brantford man is facing numerous charges after a bank teller in Tillsonburg became suspicious about his identification.

    Oxford County OPP were called to the Bank of Montreal on Broadway Street around 10 am on Tuesday for a report of a fraud in progress.

    Investigators say a man attempted to obtain a debit card for an account he had previously opened at the branch, but the teller alerted her manager when she suspected fraud and became suspicious about his identification.

    Police say it appears the Bank of Montreal, Scotia Bank and CIBC in TIllsonburg were all victims of the alleged fraud between March 25 and April 7.

    Other locations in Kitchener...

    Augusta Co. Offering New Program Loans to Promote Business

    April 20th, 2015

    Augusta County is taking a new step to promote business.

    The county is offering small business loans of up to $10,000 and with up to 5 years to repay.

    The money is coming from the Augusta County Economic Development Authority, and the Staunton Creative Community Fund will administer the program.

    Augusta Co. Economic Development Director Amanda Glover says its an agent for change. It could really change somebodys life. It could really change a business. It could really help somebody go from an idea to having a full-fledged business, or from a small business that maybe needs a boost into being a larger business, she said.


    Annual credit plan of Rs. 5617.05 crore for Karimnagar

    April 20th, 2015

    Collector Neetu Kumari Prasad on Wednesday formally launched the annual credit plan with an outlay of Rs. 5,617.05 crore during this financial year against Rs.4,885.92 crore during the year 2014-15.

    The credit plan had decided to allocate major share of Rs. 5,217.05 crore to the priority sector lending when compared to Rs.4,536.32 crore during the last financial year.

    It was project to allocate Rs. 2,668 crore for crop loans, including Rs.1,800 crore for kharif season and Rs. 868 crore for rabi season during this financial year.

    It was also decided to allocate Rs. 208.89 crore for dairy development and Rs. 123 crore for poultry sector in the district.

    The sheep,...

    Coker: More credit unions offering business loans

    April 19th, 2015

    CORPUS CHRISTI – Q: Is my credit union a potential lender to my small business?

    A: Yes. More than 30 percent of credit unions make business loans and that number is increasing. Recently the National Credit Union Administration (NCUA) teamed up with the Small Business Administration (SBA) to help small businesses connect with local credit unions to get better access to capital for their business. The NCUA is the independent federal agency that regulates, charters and supervises federal credit unions. The NCUA will work to make its credit union members aware of loan guarantees and assistance offered by SBA. SBA guaranteed loans by credit unions will provide capital for existing...