Latest Poor Credit Loan news:

Loan Losses Weigh on JPMorgan; Income Falls 53%
The bank?s income was pulled down by markdowns in its investment bank and spiraling credit card and loan losses.
Read more News Source - New York Times
Publish date - 11:58:24 07/17/08

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Big role for church credit unions sought
You'd think a man of the cloth would make an ideal candidate for a bank loan.
Read more News Source - Boston Globe
Publish date - 06:30:21 07/19/08

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Weak credit raises bills, threatens jobs and more
Most people understand that low credit scores will translate into higher mortgage and credit-card interest rates. But few realize there are plenty of other insidious ways that low scores can add to a person's payment costs.
Read more News Source - Miami Herald
Publish date - 20:15:08 07/18/08

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Loan losses sting JPMorgan as profit falls 55%
JPMorgan has weathered the tight credit market better than most of its peers, though its shares have still been battered.
Read more News Source - International Herald Tribune
Publish date - 15:23:11 07/17/08

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A credit union manager plays it safe and steady
MIAMI - George Joseph, who heads the Dade County Federal Credit Union, not surprisingly views the services offered by credit unions as the best option for customers seeking higher returns on deposits and lower rates on loans.
Read more News Source - The Record
Publish date - 05:40:15 07/18/08

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Citigroup Posts $2.5 Billion Loss on Write-Downs
Citigroup’s chief executive positioned the loss, largely caused by $7.2 billion of loan write-downs, as progress.
Read more News Source - The Florence Times-Daily
Publish date - 16:39:57 07/19/08

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Bronson Urges Consumers To Combat Identity Theft
Florida Agriculture and Consumer Services Commissioner Charles H. Bronson is urging consumers to take advantage of their free annual credit reports to deter identity theft.
Read more News Source - Highlands Today
Publish date - 04:02:16 07/20/08

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Given a shovel, digging deeper into debt
Practices that produced record profits for many banks have led millions of Americans to the brink.
Read more News Source - International Herald Tribune
Publish date - 07:03:03 07/20/08

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Microlending Pioneer Grameen Bank Opens US Branch
New York -- Grameen Bank, acclaimed for improving the lives of the poor in Bangladesh by providing tiny business loans, has begun operations in the United States.
Read more News Source - Scoop.co.nz
Publish date - 17:58:56 07/19/08

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Citigroup Posts New Losses, Cuts Workforce
Citigroup posted another loss and laid off 6,000 employees in the second quarter as it struggled with surging loan defaults, but the $2.5 billion shortfall was smaller than Wall Street anticipated.
Read more News Source - CBS News
Publish date - 02:03:52 07/19/08

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Uncertain times for Synovus
Write-offs for loan losses. A sliding stock price. Cuts in some back-office operations. Possible staff reductions. And plenty of financial uncertainty and pain moving into 2009.
Read more News Source - Columbus Ledger-Enquirer
Publish date - 07:36:09 07/19/08

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Eskom To Receive ZAR10 Bln Of Government Loan This Fiscal Yr
JOHANNESBURG (Dow Jones)--South Africa's government Friday said it will lend Eskom Holdings Ltd. 10 billion rand ($1.3 billion) in the current financial year, part of ZAR60 billion in support of the state power company's plans to greatly expand its generating capacity.
Read more News Source - INO News
Publish date - 11:48:50 07/18/08

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Lenders cash in as buyers despair
The collection agencies call at least 20 times a day. For a little quiet, Diane McLeod stashes her phone in the dishwasher. But right up until...
Read more News Source - Seattle Times
Publish date - 07:34:54 07/20/08

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JPMorgan: Prime Loan Portfolio Looks Ugly
The bank's shares soared nonetheless, after the banking titan beat second-quarter profit expectations.
Read more News Source - TheStreet.com
Publish date - 18:30:59 07/17/08

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When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble
When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble. He admitted on his license application that he had been convicted of cocaine trafficking.
Read more News Source - Miami Herald
Publish date - 07:23:59 07/20/08

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