Posts Tagged ‘rates’

Should the OFT have allowed loans at rates of 2,500% a year?
Lenders charging more than 2,500 per cent APR were given the green light last week as the Office of Fair Trading reported that the payday loan market worked “reasonably well” and there was no argument for imposing price controls.

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Correction: Fitch Rates Minneapolis-St. Paul Metro Airports Commission’s $147MM Bonds ‘AA-’
NEW YORK—-

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Fitch Rates Schertz-Seguin LGC, TX’s $22MM Contract Revs ‘AA-’; Outlook Stable
AUSTIN, Texas—-Fitch Ratings assigns an ‘AA-’ rating to the following Schertz-Seguin Local Government Corporation , TX’s contract revenue bonds:

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Fitch Rates Rhode Island’s $144.7MM GO Bonds ‘AA’; Outlook Negative
NEW YORK—-Fitch Ratings assigns an ‘AA’ rating to the following State of Rhode Island and Providence Plantations’ general obligation bonds:

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Fitch Rates Starwood’s New Credit Facility ‘BB+’; Outlook Stable
NEW YORK—-Fitch Ratings has assigned a ‘BB+’ rating to Starwood Hotels & Resorts Worldwide Inc.’s new $1.5 billion unsecured credit facility. The Rating Outlook is Stable.

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Fitch Rates BayCare Health System (Florida) 2010 Rev Bonds ‘AA-’; Outlook Stable
NEW YORK—-Fitch Ratings has assigned an ‘AA-’ underlying rating on the expected issuance of approximately $196 million of City of Tampa health system revenue bonds series 2010. The bonds are expected to be issued as fixed rate bonds and will be used to refund the majority of BayCare Health System’s outstanding series 1998A bonds.

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It should be against the law since everyone must carry car insurance. Also, what does my low credit score got to with my great driving record? Sounds like another reason to raise rates because most credit scores are low across the board. If someone pays their insurance company on time and has a good driving record should be their only concerns. Doesn’t that make sense to raise car insurance rates to persons that had a hard time paying a bill, bit made all their car insurance payments on time.

Although I know their rates are awful I wondered if anyone had had a good experience with online payday loans. I am concerned about giving information about my bank account to “unseen” strangers and wonder if anyone has had an okay experience and with what company. We have an emergency – no, we cannot borrow from family or anyone else right now and this is probably our best bet. Thanks for any information.

Everyone needs to be very wary of doing business with Advanta. This month my interest rate was increased from 11.99% to 25.39%. When I questioned why this was since I was an excellent customer and have excellent credit, I received the following reply. It seems now it doesn’t matter how good you are at paying your bills, you are punished for what the rest of the country does. I am paying off this credit card immediately and cancelling my account. Buyer beware!!!!
Thank you for contacting us about the terms of your Advanta account.

Your Advanta rates are based on a variety of factors including information about your Advanta account, such as credit line utilization and payment history and information we obtain from credit bureaus about your personal and business credit. The information we obtain from the credit bureaus can include your activity on any other accounts you may have including mortgages and other credit cards.

In addition to factors such your account history with us and your credit scores, our evaluation also considers the economy. Given the current difficult economic environment, we expect accounts with similar behavior and credit profiles to your account to now have a greater likelihood of defaulting than before and your new pricing reflects that higher risk.

We appreciate the opportunity to serve you and your business needs. If you have any other questions or concerns, please feel free to contact our Customer Service Center. You can visit us online 24 hours a day at www.advanta.com or call us toll free at (800) 705-7255, Monday – Friday 8:00 am to 8:00 pm and Saturday 8:00 am to 5:00 pm Eastern Time.

Charles Regazzi
Account Manager
Advanta

Treasuries Advance as Bernanke Says Rates Likely to Remain Low
Feb. 24 (Bloomberg) — Treasuries rose as Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is in a “nascent” recovery that still requires low interest rates to encourage demand by consumers and businesses.

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