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Archive for September, 2008

Millions of consumers who have filed for bankruptcy are about to get a second chance at a fresh start.

A recent court order requires the three major credit-reporting bureaus — Experian Group Ltd., Equifax Inc. and TransUnion LLC — to clean up the credit files of millions of consumers who have filed for Chapter 7 bankruptcy. The problem: Old debts, which are typically forgiven by the courts in a bankruptcy filing, are still being reported as active on many consumers’ credit reports… [read more]

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September 26, 2008

The Equipment Leasing and Finance Association (ELFA) commends the House and the Senate for its bipartisan leadership in crafting a tentative agreement on the Federal Economic Rescue Act of 2008. This measure should help alleviate the acute absence of liquidity in the credit and capital markets and forestall additional economic dislocation. This agreement contains strong taxpayer protection provisions and hopefully will put the economy on a path of sustained economic growth and robust capital markets. .. [read more]

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NEW YORK/WASHINGTON (Reuters) – Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion…. [read more]

PFC, Inc. is available to help businesses that need financing for working capital, equipment leasing or loans, debt consolidation, business expansion, and lines of credit. For consultation or information on financing please contact phewett@pfcfinance.com or call 1-877-835-1253.

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“With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business,” the Office of Thrift Supervision said in a press release posted on its Web site. … [ read more]

PFC, Inc. is available to help businesses that need financing for working capital, equipment leasing or loans, debt consolidation, business expansion, and lines of credit. For consultation or information on financing please contact phewett@pfcfinance.com or call 1-877-835-1253.

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Feds Leave Prime Rate the Same

Prime Remains the Same

Fed Leaves Key Lending Rate Unchanged; Stocks Drop http://www.nytimes.com/200 8/09/17/business/economy/17fed. html?hp

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