Cash Advance News Jun 2008

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Beware the payday predators
CASH-strapped families are falling victim to crippling annual interest rates topping 500 per cent as they turn to easy-access payday loans. (Fri, 27 Jun 2008 23:01:00 GMT)

Questions of cash: When customer care is not up to scratch
Q. I bought a car in March for £20,000, and the dealer suggested I pay using my debit card. I phoned my bank, Alliance & Leicester, warning it of the transaction. I had to answer a lengthy set of questions to ensure the transaction was accepted. But a week after the transaction, I found that my current account was nearly £19,000 overdrawn, even though I have a £1,000 overdraft limit. A&L had ... (Fri, 27 Jun 2008 23:17:08 GMT)

Veteran racers drag for the big bucks
CARBONDALE - Hoping to beat the odds, gearheads John Stearns of Carbondale and Danny Estep of Royalton will participate in a prestigious drag racing tournament this morning near St. Louis, with a total purse of $18,000 and first-place cash prize of $10,000. (Sat, 28 Jun 2008 04:18:12 GMT)

Saturday's Agenda, June 28
hs Items contributed must be received at least two days in advance at Calendar Desk, The Miami Herald, 1 Herald Plaza, Fifth Floor Newsroom, Miami, FL 33132-1693. To submit items online, go to MiamiHerald.com, click on Calendar of Events and click Add Events, then follow the prompts or e-mail your items to newscalendar@MiamiHerald.com. No faxes, please. To search for events throughout South ... (Sat, 28 Jun 2008 07:10:45 GMT)

Credit scores hit by card limits
Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores. (Sat, 28 Jun 2008 10:56:13 GMT)

Money Watch
(Sat, 28 Jun 2008 15:51:08 GMT)

Freezing Your Credit Doesn't Put the Brakes on Car Rentals
Q If I freeze my credit report to prevent identity theft, will I be able to rent a car? I know some companies check your credit report as well as your credit card. (Sat, 28 Jun 2008 21:57:48 GMT)

Indian debt markets - a perspective
Reserve Bank of India (RBI) stepped up its efforts to tame inflation by increasing both repo rate and Cash Reserve Ratio (CRR) by 50 bps each. (Sat, 28 Jun 2008 22:05:59 GMT)

Allan Muir: Teams and free agents to watch
Here are four key figures to keep in mind as the NHL's silly season officially commences on July 1: (Sat, 28 Jun 2008 23:19:25 GMT)

Payday Lending: Assault on industry looms in ’09
The biggest winner in the S.C. General Assembly session that ended last week may well have been the embattled payday-lending industry. But advocates for reforming payday lending laws say industry efforts to block reform — and a decision by an S.C. House leader to bury a bill in committee — could inspire stronger support when the issue returns next January. The collapse of payday lending reform ... (Sun, 29 Jun 2008 04:19:54 GMT)

As Housing Bill Evolves, Crisis Grows Deeper
Congress’s rescue package for homeowners may only be able to touch a fraction of those in trouble, analysts say. (Sun, 29 Jun 2008 04:37:54 GMT)

India tour bails out Sri Lankan board
India's upcoming Test and one-day tour of Sri Lanka has helped the cash-starved local cricket board wipe out its debts, an official said on Sunday. (Sun, 29 Jun 2008 05:01:22 GMT)

REUNION CALENDAR
Send reunions at least three weeks in advance to Robin D. Payne by fax at 313-222-5985, by e-mail to events@freepress.com or by mail to Detroit Free Press, 615 W. Lafayette, Detroit 48226. For complete listings, go to www.freep.com/reunions. (Sun, 29 Jun 2008 07:24:06 GMT)

Fighting for cash in Nigeria
(Sun, 29 Jun 2008 07:27:44 GMT)

How To Handle a Cash Crunch
(ARA) - In the world of living paycheck to paycheck, unforeseen expenses create a very stressful situation. Whether the car breaks down, the water heater blows a leak or your dog needs emergency surgery from eating the hallway rug, finding a way to get out of the red gets harder every day. (Sun, 29 Jun 2008 08:15:56 GMT)

Payday loans: Politicking keeps consumers vulnerable
KANKAKEE, Ill.—From its 8:30 a.m. opening to its 5:30 p.m. closing one day last week, people steadily trooped into the modest offices here of the Sun Loan Co. (Sun, 29 Jun 2008 14:22:05 GMT)

As Housing Bill Evolves, Crisis Grows Deeper
Congress’s rescue package for homeowners may only be able to touch a fraction of those in trouble, analysts say. (Sun, 29 Jun 2008 16:37:18 GMT)

6/29/2008 10:56:00 AM Cattle Market Notes: Prices Up, Feeders Adjusting To Corn
Last week, cash fed cattle business started on Wednesday in the Corn Belt at $94. As trade spread to other regions on Thursday and Friday, prices improved, with prices on Friday in Texas/Oklahoma at $96 – up $2.50 from the prior week . Last week’s dressed prices were $149-$151, up $2 to $5 from the prior week. (Sun, 29 Jun 2008 17:09:12 GMT)

Strategies for dealing with high costs
Developers say that increased efficiency, better cash-flow management and a larger scale are among the solutions for dealing with higher oil and construction material prices. (Mon, 30 Jun 2008 01:23:31 GMT)

TRIS Rating Affirms Company Rating of “NPS” at “BBB+/Stable”
TRIS Rating Co., Ltd. has affirmed the company rating of National Power Supply Co., Ltd. (NPS) at “BBB+” with “stable” outlook. The rating reflects NPS’s stable cash flow from long-term sales contract (Mon, 30 Jun 2008 02:29:03 GMT)

Australian Dollar Rises to Near 25-Year High; N.Z. Dollar Gains
June 30 (Bloomberg) -- The Australian dollar rose to near a 25-year high as prices of the nation's iron ore and coal exports climbed to records. The New Zealand dollar gained on prospects the Federal Reserve isn't ready to start raising interest rates. (Mon, 30 Jun 2008 04:15:47 GMT)

Australian Dollar Rises to 25-Year High as Commodities Advance
June 30 (Bloomberg) -- The Australian dollar rose to its highest in 25 years as prices of the nation's iron ore and coal exports climbed to records and steelmaker ArcelorMittal led companies buying stakes in the country's resource producers. (Mon, 30 Jun 2008 07:45:45 GMT)

Beware of payday and other dangerous loans
Payday lenders have proliferated in Petersburg and the Tri-Cities region. They were made legal under Virginia law not long ago. They are therefore legal, but not right. They are very dangerous to your financial health and well-being. (Mon, 30 Jun 2008 08:10:06 GMT)

Two Dems vie to advance in House race
The Aug. 5 Democratic primary election for the House seat held by state Rep. Chris Ward, R-Genoa Township, will come down to a newcomer to the political scene and a former state legislative candidate. (Mon, 30 Jun 2008 09:02:54 GMT)

Sri Lankan board clears debt from TV rights payment of Indian team's tour
According to SLC officials, the board paid off Sri Lankan Rupees 600 million bank commitments after getting advance payments for selling television rights of the Indian cricket team's tour to the island nation. (Mon, 30 Jun 2008 09:22:58 GMT)

Australian Dollar Rises to 25-Year High as Commodities Advance
June 30 (Bloomberg) -- The Australian dollar rose to its highest level in 25 years as prices of the nation's iron ore and coal exports climbed to records and steelmaker ArcelorMittal led companies buying stakes in the country's resource producers. (Mon, 30 Jun 2008 09:30:49 GMT)

CME Livestock Outlook: Live Cattle Seen Mixed, Hogs Lower
CHICAGO (Dow Jones)--Analysts and brokers anticipate a mixed live cattle open Monday. Positive market factors include potential carryover buying, strong wholesale beef movement and cash optimism after last week's cash sales, a broker said. (Mon, 30 Jun 2008 14:20:58 GMT)

Hornets Sting Yellow Jackets
LAKE—It took a second day to complete game one of a best of three series, but it was all the Hornets needed to sting the Enterprise Lincoln Yellow Jackets and advance to the second round of state baseball playoffs. (Mon, 30 Jun 2008 15:25:19 GMT)

Brazilian Stocks Gain on Commodity Outlook; Bolsa, Ipsa Advance
Petrobras, as Brazil's state-controlled oil company is known, rose to the highest in three weeks after JPMorgan Chase & Co. said the stock will be bolstered by high oil and natural gas prices. (Mon, 30 Jun 2008 15:49:53 GMT)

Brazilian Stocks Gain on Commodity Outlook; Bolsa, Ipsa Advance
Petrobras, as Brazil's state-controlled oil company is known, rose to the most in three weeks after JPMorgan Chase & Co. said the stock will be bolstered by high oil and natural gas prices. (Mon, 30 Jun 2008 20:19:44 GMT)

Governor Hopeful's Odd Cash Request Raises Eyebrows
Democratic gubernatorial candidate Jill Long Thompson is asking for an odd amount of cash, prompting questions. (Mon, 30 Jun 2008 21:10:38 GMT)

Brazilian Stocks Gain on Commodity Outlook; Bolsa, Ipsa Advance
Petrobras, as Brazil's state-controlled oil company is known, rose to the highest in two weeks after JPMorgan Chase & Co. said the stock will be bolstered by high oil and natural gas prices. (Mon, 30 Jun 2008 21:20:02 GMT)

Mixed Open Seen For Japan Shares
(RTTNews) - A mixed open is forecast for Japan stocks on Tuesday, in advance of the much-anticipated Tankan survey by the Bank of Japan. (Mon, 30 Jun 2008 23:43:43 GMT)

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