Month: March 2016

5 things to know about unsecured home improvement loans

Personal Loans » Donald Iain Smith/Blend Images/Getty Images Its the paper or plastic of home improvement loans — whether your loan should be secured or unsecured. Unsecured loans marketed specifically for home improvement are a relatively recent option. Many of the current lenders started making these loans after the home market collapsed nearly a decade ago, […]

IMF’s new debt rules not vulture-proof

Every country has some form of domestic bankruptcy procedures, whereby debtors who are unable to repay can come to some equitable collective settlement with their creditors. International debt, however, has no such set of resolution procedures. As international capital flows have increased dramatically over the past two decades, this lacuna has become more serious. Former […]

Westpac says soured consumer loans to rise 10 per cent

Westpac hasflagged arise in souredpersonal loans in mining-heavy regions, as investors remain on edge over any signs ofdeterioratingcredit quality. The chief executive ofWestpacs consumer bank, GeorgeFrazis, on Thursday saidimpaired loans in its unsecured lending portfoliowill increase by $25 million, or 10 per cent, in itsupcoming half-yearresults. He made the comment in a market update at […]

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