loan

Online Pawn Shop Polishes Up an Old Lending Idea

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.

How to Lend Money to Friends Without Losing Both

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.

GM Withdraws $14 Billion Federal Loan Application

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.

Hyundai's Deal to Reacquire Hyundai E&C Under Fire

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.

GM's a Day Away From Making Its Own Car Loans Again

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.

Does the Mohegan Tribe Need a Big Government Loan?

In spite of the fact that Connecticut's Mohegan Indian tribe owns the Mohegan Sun Casino, which ranks among the most successful gambling operations on the East Coast, the USDA granted it a $54 million loan.

AP Source: GM to Repay Government Loan Before June

General Motors will fully repay the $6.7 billion loan portion of its U.S. government aid earlier than its previously promised payback date of June, a person briefed on the plans said. CEO Ed Whitacre will announce details of the repayment during a visit Wednesday to Kansas City, Kan.

Mortgage payoff pitch is no panacea

Someone recently sent WalletPop a press release detailing what claimed to be one of those "eliminate your debt" strategies.

This one hinges on...