Avoid the Loan Sharks The Motley Fool
Convenience comes at too big a price.
Refinancing won't solve debt problems Bankrate.com via Yahoo! Finance
Tapping equity to refinance a mortgage will wipe out credit card and student loan debt, but it creates new problems if you keep on spending, says the Debt Adviser.
Overhaul tax credits or miss key child poverty targets, Brown told Guardian Unlimited
· Citizens Advice calls for a 'radical rethink' of system · Almost half of tax credit payments were incorrect
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U.K. Bankruptcies Soar as Loans, Card Debt Top $6,800 a Person Bloomberg.com
Dec. 1 (Bloomberg) -- Roland Snooks couldn't resist a good deal on a loan, and for 11 years, banks including Egg Plc and Abbey National Plc were happy to feed his habit.
S&P Teleconference: Ford Motor Co.'s $15 Billion Senior Secured Credit Facilities Rated 'B' Recovery Rating: 2 PR Newswire via Yahoo! Finance
Standard & Poor's Ratings Services said it assigned its 'B' bank loan rating and '2' recovery ratings to Ford Motor Co.'s proposed $15 billion senior secured credit facilities, which consist of an $8 billion revolving credit facility and a $7 billion term loan B facility.
Savings levels and rates should rise in 2007 Bankrate.com via Yahoo! Finance
If the economy slows, as many expect, savings rates should rise. A potential rate war could fuel the fire.
Overhaul tax credits or miss key child poverty targets, Brown told Guardian Unlimited
Gordon Brown will miss crucial child poverty targets unless he signals, in his pre-budget report tomorrow, a complete overhaul of the troubled £14bn tax credits system, leading anti-poverty campaigners have warned the chancellor.
Barclays Card Defaults Will Limit 2006 Profit Growth Update9 Bloomberg.com
Nov. 28 (Bloomberg) -- Barclays Plc, the U.K.'s third-largest bank by assets, said credit-card defaults will limit this year's profit growth.
Farepak victims borrow at 365% Financial Times
Victims of the Farepak collapse are taking loans from doorstep lenders at interest rates of up to 365 per cent, the Financial Times has discovered, prompting politicians to demand tighter regulation of unsecured loans.

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