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Finance, Credit and Loan Information

March, 2016

RAIT Financial Trust (RAS) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of RAIT Financial Trust (NYSE: RAS) in the last few weeks: 3/18/2016 RAIT Financial Trust was upgraded by analysts at Zacks Investment Research from a sell rating to a hold rating. According to Zacks, RAIT Financial Trust is an internally-managed real estate investment trust. […]

How to leverage a line of credit for your small business

When you qualify for a business line of credit, you receive a maximum amount that you can borrow against at any particular time, as per its requirements. Interest rates tend to be low, compared with those for other financing options, but they’re also likely to be variable, so your rate may increase over time. Small-business loans allow you to borrow a lump […]

Venoco Files for Bankruptcy

Oil and gas exploration company Venoco Inc. filed for chapter 11 protection with $500 million to $1 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here. (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit […]

10 Best Credit Cards for Bad Credit

If your credit score has taken a nosedive, youll need to start using credit responsibly to rebuild it. This can get tricky, however, since many forms of credit require good credit to qualify to use them. Thats where credit cards for bad credit come in; these credit cards are easier to qualify for and report […]

Bad credit rating? Get a credit card anyway with this clever trick

This trick could help you get a credit card (Picture: Getty Images) If you have bad credit you might still be able to get some money from the bank if you use this trick. Basically what you have to do is find a way around bank computers that determine whether you receive a credit card, […]

Three ways to pay off your mortgage faster

Things like traffic, work and dirty dishes can seem to go on forever; your mortgage doesn’t have to. Even if you have signed on for a long mortgage, with payments scheduled to continue until you’re old, there are ways to speed everything up, experts say. It’s a matter of knowing your options and paying attention […]

On mixed economic signals, mortgage rates rise for the 3rd week in a row

Interest rates on mortgages increased for the 3rd consecutive week, according to Bankrates March 16 survey of large lenders. But theres no need to panic just yet. As far as a monthly payment is concerned, its not the end of the world, says Brett Sinnott , vice president of capital markets at CMG Financial in […]

Altria: Choosing Between Share Buybacks And Dividends

As of the end of 2015, Altrias revolving unsecured credit facility was up to $3 billion at a rate of 1.25%. So it could still take on debt, if needed. And in 2016 and 2017, Altria doesnt have any significant debt maturities to worry about. But a strategy of exchanging equity for debt may also […]

Fitch Downgrades Teck’s IDR to ‘B+’; Outlook Negative

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded the Issuer Default Rating (IDR) for Teck Resources Limited (Teck; NYSE: TCK; TSE: TCKb) to B+ from BB+ along with Tecks outstanding debt. About C$9.6 billion in debt and $4.2 billion in senior unsecured credit facilities are affected by these rating actions. A full list of rating actions follows […]

MOB to launch unsecured credit card

Myanmar Oriental Bank is planning to issue unsecured credit cards to customers with a monthly income of more than K150,000, becoming the first bank in the country to make the service widely available. With an unsecured card, customers do not have to put up collateral, said U Aung Htet Paing, deputy general manager of the […]

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