Two-year-old Pawngo bills itself as a more upscale pawnshop for the digital age, catering to a new breed of pawn customer -- not desperate, just temporarily cash-strapped. The company wants to dispel the stereotype of sketchy storefronts dealing in fenced goods -- and so far, it has had a fair amount of success.
Lending money to friends and family ranks among the most pernicious of relationship stressors. It's not just the cash -- it's the emotions we all carry about it. But with a little planning, you can help someone out of a financial bind without putting your friendship in the red.
Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.
More people are selling their life insurance policies for much-needed cash while they're still alive. But are these "life settlements" a bad deal? Here's why they can come with a high cost, both for investors and for sellers -- along with some tips to keep both from getting burned.
Hyundai Group landed a preliminary $4.8 billion deal to purchase South Korea's Hyundai Engineering and Construction Co., that nation's largest contractor, but concerns over whether Hyundai Group can pull the financing together is raising questions among top investors.
General Motors will once again have its own in-house financing unit starting Friday, when the auto giant closes on its $3.5 billion purchase of AmeriCredit. The new unit, to be renamed General Motors Financial, will allow GM to offer consumers more financing and leasing options.
For a growing number of U.S. college graduates, a diploma marks the beginning of financial difficulties. The Education Department says those who were scheduled to begin paying back their student loans in 2007 were 52% more likely to default within two years compared with those who left college two years earlier.
In spite of the fact that Connecticut's Mohegan Indian tribe's Mohegan Sun Casino ranks among the most successful gambling operations on the East Coast, the USDA granted it a $54 million loan.
