credit News Archive

Stringent measures needed to qualify for IMF credit facility (Business Recorder)

ISLAMABAD (August 17 2008): The government is required to take stringent economic measures to qualify for IMF conditions for credit facility from multilateral donors to support its economy.

Painful lessons in the meaning of the term 'credit crunch' (Financial Times)

This week, The Chambers Dictionary introduced the term "credit crunch" to its readers. This could be viewed as indicating that "a sudden and drastic reduction in the availability of credit", as defined by Chambers, has reached its apogee.

PNB to join credit card bandwagon (Express India)

At a time when ICICI Bank, the number one player in the fast-growing Indian credit card market, has cut its 2008-09 growth targets in the business from 25% to 15% due to rising delinquencies, PNB, the country's second largest public sector bank, is about to launch credit cards for its massive customer base of 3.5 crore. PNB is in talks with Visa Inc, the global retail electronic payment network, ...

Wescom Credit Union Closing SoCal Branches (KTLA-TV Los Angeles)

LOS ANGELES -- A major Southern California credit union says it's closing 11 of its 55 branches. The Wescom Federal Credit Union says it has never made any subprime loans, but its profitability has been hurt because many of its borrowers are in trouble due to the real estate meltdown.

Chatzky: Taking charge of your credit cards (New York Daily News)

Are you taking advantage of your credit cards - or are they taking advantage of you? Unfortunately, it's the latter for many people. How can you secure the upper hand in the relationship between you and your plastic?

Before You Take That New Housing Credit . . . (Washington Post)

Part of the Housing and Economic Recovery Act of 2008 authorizes a tax credit of up to $7,500 for qualified first-time home buyers. Based on the questions I'm getting from readers, many people are ready to jump on this money like Scooby-Doo panting after Scooby Snacks.

Busker Fest livens up Port Credit (Mississauga News)

Busker artists who usually have to vie for attention from passersby had the spotlight on them this weekend at Port Credit.

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