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British SMEs need to think 'outside the box'

clock May 10, 2013 13:40 by author Simon Williams
Whenever there's a widespread economic crisis, small and medium-sized enterprises always appear to be among the most impacted.That was the case in the United States in the wake of the Great Recession, and the SME sector is only just now recovering. In the United Kingdom, on the other hand, there have been next-to-no signs of improvement.The Bank of... [More]

Louisiana lawmakers consider approving state debt collection office

clock May 10, 2013 13:40 by author Philip Burgess Princeton NJ
The Louisiana House Committee on Ways and Means sent a bill that would establish the Office of Debt Recovery to the house floor recently. House Bill 629 would create a debt collection office that would seek to take casino winnings from residents who have outstanding debts to the state government, according to The Advocate. Statewide agencies are no... [More]

Lending may increase as American consumers learn to budget

clock May 10, 2013 13:40 by author Philip Burgess
American consumers learned lessons the hard way during the Great Recession but now many say they known how to manage their finances. A recent survey from American Consumer Credit Counseling (ACCC) showed that 76 percent of respondents know how to budget. U.S. consumers are educating themselves on other financial tasks as well. More than six in 10 o... [More]

Lenders may benefit from economical auto buyers

clock May 10, 2013 13:39 by author Philip Burgess Princeton NJ
Lending companies will be glad to hear that borrowers are becoming more frugal, at least when it comes to auto buying. A recent J.D. Power and Associates survey found that 79 percent of perspective vehicle buyers are interested in purchasing cars that can help them save at the pump. Active shutter grill vents are also another fuel efficient feature... [More]

Frugal sub-prime consumers assisted by short term lenders

clock May 10, 2013 13:39 by author Philip Burgess Princeton NJ
According to CarFinance​, sub-prime car buyers account for more than 43 percent of all car loans taken out. Many of these consumers are making smart purchases, choosing to buy economical cars that feature solid fuel economy. Short term lending can help responsible buying habits.The Dodge Avenger and Kia Forte were the most purchased new vehic... [More]

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