Finance doesnt have to be hard. You just have to think of it in simple terms. 

How to think about market volatility: Pick a million random people from around the world every day. Some days, 51% would be in a good mood, 49% in a bad mood. The next day maybe its the opposite. Other days, random chance could mean 8% of people are pissed off for no explainable reason. This is basically what the market is on a day-to-day basis.

How to think about hedge funds: Probably 100 are legitimately talented and can consistently beat the market with below-average volatility. They wont take your money. The rest charge ten times the fees of mutual funds for half the performance of index...

BAGHDAD (Reuters) – Iraqs finance minister called for deep-rooted reforms to stamp out corruption in a military that collapsed in the face of an Islamic State advance, as he prepares to spend nearly a quarter of the 2015 budget on defense.

Hoshiyar Zebari will push for about 23 percent of a proposed 2015 budget of $100 billion to be poured into defense and security when it is presented to Iraqs cabinet very soon.

Iraq has not published spending figures for this year, but according to the Stockholm International Peace Research Institute, Baghdad spent $7.9 billion on defense in 2013. The United States has also provided money and equipment since pulling the last of its forces...

Last week, Wells Fargo was the first private student loan lender to announce it will modify private student loans for borrowers that are facing financial hardship. While many private lenders have worked with borrowers, Wells Fargo is one of the first to announce that it will offer long term modifications to borrower payment plans. You can read the full press release here.

Discover Bank also announced that it would be launching a student loan repayment assistance program in early 2015, but the details of the program haven’t been released.

Private Loans Have Been A Struggle For Many Borrowers

The truth is, many borrowers have gotten themselves into financial trouble...

ACROSS MISSISSIPPI — A survey by Experian Automotive finds that 30- and 60-day automotive-loan delinquencies were up in the third quarter of 2014, and Mississippi is first and second, respectively, in both categories.

According to its latest State of the Automotive Finance Market report, 30-day delinquencies grew 3.7 percent from the previous year. Similarly, 60-day delinquencies jumped 8.6 percent during the same time period.

While we have observed a rise in delinquencies over the past few quarters, it was to be expected due to the growth in subprime loans. We have to keep in mind that a majority of the market is still in the prime risk category, said Melinda Zabritski,...

COSATU supports proposal to remove adverse credit information from credit bureaux records

COSATU supports governments proposal to remove adverse credit information from credit bureaux records. This is in line with the 11thCOSATU National Congresss call for a once-off Presidential Black-listing remission of all South Africans blacklisted for up to a maximum of R200 000.00. Those who have been involved in criminal activities and corruption should be excluded from remission.

The government hasproposed the following:

  • Removal of all adverse information listings irrespective of value and irrespective of non-payment; ie all negative information that may affect...

NEW YORK, Aug. 20, 2013 /PRNewswire/ — announces that a new market research report is available in its catalogue:

Global and China Automotive Finance Industry Report, 2013;utm_medium=pramp;utm_campaign=Vehicle_Renting_and_Leasing

Chinas automotive finance market is still in the early stage of development due to consumer attitude, risk management and control, etc. While the penetration of automotive finance has exceeded 80% in the United States, India and Brazil, 60% in Japan and Western Europe, and 40% in Russia, it only achieved...

Credit cards can be a polarizing subject. Many Americans love them for their security and convenience, but these very same qualities lead many cardholders into debt. After becoming overextended, cardholders may miss payments and find themselves with ruined credit.

So the last thing these people need is to try to rebuild their credit by using more plastic. Thankfully, there are several ways to

improve your credit profile without using credit cards


1. Use charge cards.

A charge card is like a credit card, but cardholders are expected to pay off their balances in full each month. But like credit cards, charge cards report cardholders payments to the three...

The Small Business Administration and the Michigan Small Business Development Center Great Lakes Bay Region will offer a free TEAM SBA — Financing Roundtable at Delta College in room H113 in the H Wing on Thursday, Dec. 11, from 9:30 am to 12:30 pm

The roundtable is a free orientation session conducted by local lenders, a business consultant from the SBA’s network of Michigan Small Business Development Centers and a SBA representative. The roundtable will debunk the myths and demystify the process of small business financing; explain how the lending process works and what is expected of you; and explain how the SBA can assist local lenders with its SBA Guaranteed Loan Program.

Its not surprising that 7 million students in the US defaulted on their college loans during the third quarter of 2014, according to the Department of Education. The average amount of loan default per borrower: $14,014.

An October report by the Consumer Financial Protection Bureau saw a 38 percent jump in complaints over 2013 from students who took out private loans to finance college. The common theme among the 5,300 who filed complaints was that lenders were inflexible about providing alternative payment options for those facing financial hardship, so many were driven into default.

Many students are in precarious situations when it comes to repaying college...

WASHINGTON — If you’re having a hard time paying off your private students loans, you could catch a break soon as two of the biggest private lenders are gearing up to relax repayment terms.

This week, Wells Fargo said it would lower interest rates for eligible borrowers starting this month and extend repayment periods starting in February. The bank, which has $11.9 billion worth of private student loans, anticipates the move will save borrowers thousands of dollars in interest payments over the course of the loan.

Another prominent lender, Discover Financial Services, is fleshing out the terms of its own modification program, with plans to launch early next year....