Credit News

After the housing finance bubble burst, mortgage lending went through tremendous change in an effort to keep consumers from purchasing more house than they could afford. Now, some of those same concerns are surfacing in the auto-lending sector.

Toronto - For the second time in 12 months, Ontario's credit rating has been downgraded by a rating agency. Ontario currently holds a AA- Credit rating

Utica - A U.S. Army reservist is struggling with the Bank of America over fraudulent charges he says were made to his bank account after he used his debit card. The amount in question is over $25,000.

In the short term, both the US dollar and US Treasury bonds may actually benefit from the downgrade of the US debt and react to panic buying.

A recent survey has found that cash is becoming increasingly unpopular with the British public; the big question is, will it become extinct?

Yesterday, a major budget airline that specialised in the Turkish market went bust leaving around 12,800 passengers stranded in Turkey. The question has to be asked, how can this happen yet again?

As Britian’s trade unions strike in a revolt over pensions, the streets of Greece are ablaze in protest against the dictatorship of finance.

In a worrying sign that US government spending is untempered and that the real prospect of a US default looms ahead of debates on raising the credit ceiling, US debt figures climbed above the $14 trillion mark.

A French court has cleared a man of fraud after he ran up debts with his credit card and cheque book of almost €180,000. But he has been ordered to pay back the full amount to his bank.

Moody's issued a warning this week that the United States could lose its triple-A credit rating status if their economic growth doesn't increase or if the budget deficit continues to hit record-highs.