December 2008
You are currently browsing the articles from Tips On Loans written in the month of December 2008.
Dec. 31 (Bloomberg) -- General Motors Corp. , the largest U.S. automaker, received $4 billion in initial rescue loans from the U.S. Treasury to help it avoid collapse. Chrysler LLC, also in line for government help, is still waiting for its money.
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A clampdown on high-cost instant loans takes effect Thursday, but lenders already are finding ways around it—and legislators are steamed. Despite new restrictions by the 2008 General Assembly, some payday lenders have recently won approval from Virginia’s business watchdog agency, the State Corporation Commission, to offer loans with potentially unlimited fees.
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Payday loans are going to be harder to get come Jan. 1, at least that's what Virginia lawmakers hope.
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Dec. 31 (Bloomberg) -- General Motors Corp., needing billions in federal money by today to avoid defaults, expects to get $4 billion in loans from the U.S. Treasury before it has to pay December bills, a spokesman said.
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NEW YORK — The world's third-largest independent chemical company has denied reports it defaulted on millions in loans.
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A $5 billion government bailout aimed at reviving General Motors Corp.'s ability to make car and truck loans has dealers hopeful that cash-strapped consumers will return to their showrooms.
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Dealers have rosier outlook as GMAC readies more loans
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GM dealers are looking forward to a brighter 2009 after the automaker's financing arm said Tuesday that it would make loans available to more car buyers.
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The US Treasury has expanded its economic stabilization efforts by making a $6 billion rescue of GMAC, the big issuer of car loans.
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Total loans by multilateral lenders, international agencies and foreign governments to the Philippines fell 18.6 percent year-on-year in the first half of 2008.
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