Bank crackdowns and stagnant wage increases cause Australians to take unsecured ‘payday loans’ to settle housing debts.
Currently, Australia is among the top countries with the highest debt level to income ratio of the developed world. With banks restricting loan...
The Reserve Bank of New York released on Monday a survey that showed an increase in auto loan rejection in the United States.
Compared to last year’s car loan rejection, the increase was massive at 7.1 percent from 6.1% in...
Max’s Group Inc. announced last Tuesday, November 19, 2019, its successful loan agreement with the Development Bank of the Philippines (DBP). The total loan amount secured by MGI amounts to P2 billion, including the term loan signed by its...
Peer-to-peer (P2P) lending companies in South Korea are experiencing a record-breaking high delinquency rate, reports Xinhua. This comes after property development loans turned out to be unsuccessful.
Data from the sector shows that the delinquencies in 45 South Korean P2P...
Canadian insurer Sun Life announced Wednesday it has agreed to enter in a deal that will make it a majority stakeholder of London-based InfraRed Capital Partners, a global investment manager.
In a press release, the insurer giant disclosed a closing...
There has been a massive change in home loans in some of Australia’s dead zones.
According to the Digital Finance Analytics or DFA, location is a major factor for banks to allow home loans or mortgages. Some of these lenders...
Applicants who are interested in getting a Scotiabank Personal Loan will be offered loans that range up to $150,000. This allows customers to finance their expenses in any way they choose. Interested users are advised to note that this...
Innovative Finance, the independent representative body of UK's global FinTech community, announced Monday the launch of a new group called 36H Group as a replacement to its former self-regulated peer-to-peer trade body, Peer-to-Peer Finance Association (P2PFA).
In a press release,...
Six years ago, the United States had a massive financial meltdown that led to $16.394 debt ceiling. The problems can be rooted in the overproduction of the real estate market, unmanaged federal spending and overdeveloped financial sector. Six years...
In a press release dated on May 20, 2019, Ellie Mae announced that its company is expecting to release a new Encompass Digital Lending Platform. According to the company, version 19.2 of their platform will target lenders and the...
