After weeks of speculation on Wall Street that General Motors Corp ("GM") would be unable to secure the 90% needed participation rate in swapping roughly $27.2 billion (face value) of unsecured debt into equity, GM officially confirmed this morning the exchange offer has failed, pushing GM inevitably closer to a Chapter 11 bankruptcy filing. Wall […]
Unsecured Loans Require High Credit, But Are Advantageous
What An Unsecured Loan Means It requires credit to obtain an unsecured loan, but there are quite a few worthwhile advantages should you not be able to pay it back on time or within initial parameters. For starters, you don’t have to yield assets in collateral. When it comes to an unsecured business line of […]
How To Get Loan With No Credit
Many financiers believe that people with bad or no credit aren’t competent enough to take care of their financial matters and because of this reasons lending them could pour down the money. In such situations, taking small business loans is the only viable option for businesses with bad or no credit. When it comes to […]
How to Secure the Best Unsecured Loan
At the point of looking for an unsecured advance, a typical worry latent borrowers have is, will I get the best rate? Frequently when individuals look for an unsecured advance to satisfy a prompt need, for example, when paying their tax assessments or small business loans to pump money into a start-up, they don’t generally […]
Reliance Jio Arranges of a $1.5 Credit Facility to Refinance Existing Loans
Reliance Jio Infocomm has acquired credit facilities valued at $1.5 billion with lenders such as Barclays and Bank of America. This objective of this is to refinance the company’s existing loans. Refinancing Debt tied in 2010 It is said that the company will make use of these latest credit arrangements to refinance the debt that […]
Chrysler’s Secured Creditors Lose $4.9 Billion
William Shakespeare got it wrong. His famous saying should have been “Never a lender be, because the borrowers will buy off the bankruptcy judge”. The sad thing about the current era is that the US Government is doing everything in its power to undermine the rights of lenders. The US Government wonders why Americans don’t […]
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