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loans News Archive06-Aug-2005
- 'Dueling Fools: Payday Loans Bull Rebuttal (The Motley Fool via Yahoo! News)
Rick laid out some emotionally compelling arguments against payday loans. One of them posits that payday lenders (PDLs) are immoral because poor or uneducated people use them. Not only is that false -- since the fastest-growing segment in PDL usage is the $50-75K income earner, and 55% of PDL users have had some college education -- but the logic is faulty.- 'Audit shows state authority wrote off $8.6 million in bad loans (Stamford Advocate)
HARTFORD, Conn. -- A new state audit report indicates the Connecticut Development Authority, which loans money to businesses to help create jobs, had $8.6 million in defaulted loans over a recent two-year period.- 'Dueling Fools: Payday Loans Bear Rebuttal (The Motley Fool via Yahoo! News)
PayDay candy bars are a lot like payday loans. They're both a little nutty.- 'Ono Seeks $4.1 Bln of Loans, Bonds to Buy Auna Unit (Update2) (Bloomberg.com)
Aug. 5 (Bloomberg) -- Grupo Corporativo Ono SA, Spain's No. 2 cable-television business, is seeking 3.3 billion euros ($4.1 billion) of loans and bonds to back its purchase of Grupo Auna SA's fixed-line unit, bankers arranging the deal said.- '$25 million from UBS beefs up Atkins loans (The Charlotte Observer)
loans of Atkins Nutritionals, the company that was founded by the late diet guru Dr. Robert Atkins and filed for bankruptcy protection Sunday, rose four cents each after UBS AG lent it $25 million.
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