Although many people are used to getting holiday loans to go on vacation, many analysts are questioning whether this is a good idea this year. As the housing crisis worsens and the economy continues its downward slide, getting a new holiday loan at this time may not be a smart decision for many consumers. Experts […]
The simple guide to holiday loans
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More Losses Predicted with Bank of America Home Equity Loans
Posted on May 24th, 2008 by Bright Light
Originally forecasting a 2% loss factor on their home equity loans, Bank of America is now saying that the figure may be even higher than that. The company made it very clear to analysts that their other loans were still performing well despite the fact that the home equity loans weren’t. It’s unfortunate for lenders, […]
Bank Encourages Consumers to Get Holiday Loans
Posted on May 15th, 2008 by Bright Light
Lloyd’s TSB announced a new mortgage this week that allows families to take advantage of a holiday loan and get away from it all. While many banks are cutting back on their unsecured loans, several are stepping into the market in hopes of taking advantage of the opportunities. The company stated that consumers with a […]
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