Articles

Brazil Stimulates Banks to Boost Car Lending as Sales Slump

Brazil eased reserve requirements on car loans and cut taxes on consumer borrowing in a bid to boost slumping vehicle sales and prevent growth in Latin America’s biggest economy from stalling.

Malaya Business Insight

More borrowers are finding it more difficult to pay for their cars. In contrast, credit card owners who owe banks almost the same amount as car borrowers are handling their finances better with lower unpaid loans.

New figures show that the number of motorists applying for a car loan is increasing

New car finance sales increased by a third in March, according to the Financial Leasing Association. * This has pushed up the number of new car sales by 22% on last year’s figures. As a growing number of people are looking for car finance, Car Loan 4 U explains the benefits of taking out a car loan.Macclesfield, UK (PRWEB UK) 22 May 2012 Car loans can be a great way of helping motorists get on ...

Consumer financing firms have own rules to minimise risks

KUALA LUMPUR: Consumer financing companies have their set of rules to minimise risks of borrowers default, although they are not confined to Bank Negara Malaysia's responsible lending guidelines. Currently, such companies provide personal financing or car loans to borrowers, mainly by looking at the applicants' gross income, instead of net income, like banks are required to do so. Some companies ...

Consumer credit jumps in March

Consumers went back to using their credit cards in March to keep spending while student and new-car loans shot up as the value of outstanding consumer credit jumped at the fastest rate since late 2001, ...