Currently, with banks shutting down their availability for bad credit loans, homeowners and those seeking personal loans are finding it difficult to get any help from banks. This is due in a large part to the subprime mortgage crisis and many banks are simply too scared to get into this realm of lending. However a […]
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Central Banks Need New Solutions
Posted on April 2nd, 2008 by justin
Analysts are concerned that the bad credit loan crisis may have further reaching consequences if banks don’t come up with new solutions to deal with the problem. Many banks are left wondering if it will ever be possible to restore consumer confidence, as it looks as though the crisis is going to continue for some […]
Spain Hit By Financial Crisis
Posted on April 2nd, 2008 by justin
The credit crunch seems to be spreading to Spain, where bad credit loans are going into default at a staggering rate. The amount of non-performing bad credit loans held by the Spanish banks went up nearly 2 billion euros in a little over two months, while jumping 6.5 billion euros over the totals of the […]
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