Two weeks ago, shares of Car-Mart lost 20% in a single day when the company warned that it would show a loss for the quarter ended Oct. 31, due in large part to larger than anticipated credit-loss allowances.
Companies marketing credit card loss protection insurance use scare tactics making you think you would be on the hook for all those fraudulent charges.
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It sued for fraud in November, alleging Venture should have disclosed Peguform's loss of credit insurance and the potential for insolvency.
The debt crises reduced availability of business and consumer credit, created a loss of consumer confidence, and led to a significant reduced consumer spending.
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Stock declines by banks facing liquidity challenges but which are otherwise solvent may lead to further credit tightening and a loss of confidence in those companies, it added.
The loss of store credit cards, though, will likely not be as devastating.
Based on the preferences contained in the governing documents, the entity allocates items of income, deduction, loss, and credit between the classes.
James Adams is a Senior Analyst at Sageworks, a leading provider of credit risk management, loan loss reserve and stress testing software to financial institutions.
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"Counterparty withdrawals and credit denials resulting in a loss of liquidity--not inadequate capital--caused Bear's demise, " Cox said in a March 20 letter to international banking regulators.
Toughness--a combination of quality, durability and all-around staying power--is increasingly important to consumers anxious about credit problems and potential job loss, says Raffi Festekjian, senior manager of product research and analysis at J.
Fitch said after Mr Osborne's announcement that the government's policy framework had been a key factor helping the UK to hold on to to its top AAA credit rating, and the loss of the debt rule had weakened both the coalition's credibility and the rating.
The frugal, who pay in cash, also suffer a net loss from the existing credit card system.
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David Cameron has said the government needs to go "further and faster" on cutting the deficit, following the UK's loss of its AAA credit rating.
Therefore, for federal tax purposes Owner may not split its interest into separate classes of interests and may not allocate items of income, loss, deduction, credit, and basis among those classes.
And that portfolio, inherited from Countrywide Credit, may still face further loss of value should the price of residential homes continue to soften another 5% to 10%, as many experts feel could happen.
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Unfortunately, while those parts of the world could have been limited to Greece and Iceland, and maybe California, with deft political action, instead we are now looking at the potential breakup of the euro and (it is weird to be writing this in the 107F heat of Arizona) the loss of its AAA credit rating by the biggest economy on earth.
These misrepresentations caused the corporate credit unions to believe the risk of loss associated with the investment was minimal, when in fact the risk was substantial.
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In the financial sector, despite weak trading volume in Q2, results are likely to top consensus expectations on improving credit quality and large releases from loan loss reserves.
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Separately, under the Lending Code, which most UK banks have signed up to, innocent victims of fraud on debit or credit cards will not suffer any financial loss unless they have acted negligently.
Thus what may appear to be a low-level incident, since the most sensitive information was not compromised, can be just as complex and time-consuming to clean up as a widespread loss of medical records or credit card numbers.
Ginnie Maes are guaranteed against principal loss by the full faith and credit of the federal government.
The loss of a risk-free credit-rating crown would materially affect the economy only if treasury yields rise to reflect growing risks.
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He has shrugged off the loss of Britain's top credit rating, but the questions about what, if anything, he can do to kick-start growth are going to be harder to shake.
The loss of America's AAA credit rating shouts loudly that there is risk in lending to America - which at a time of great stress in financial markets could be very destabilising.
Credit unions would be especially vulnerable to the loss of interchange fee revenue: about half say that they will reduce or eliminate free checking and rewards debit cards, and almost 9% say they will consider reducing their staff.
With sales incentives offering interest rates all the way down to zero, the car companies eventually have to funnel money into their credit subsidiaries to balance the books, so loss-making consumer-goods makers are lending money to customers to buy their wares.
"Just as credit-card companies accept some level of loss as a cost of doing business, so some CIOs are saying 'if I do a really solid job of protecting my systems, then I can live with the low-level pain that some break-ins cause, ' " said Paller.
Better credit quality is also allowing banks lower their loan loss provisions.
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French bank Societe Generale announced that its recent trading scandal aggravated problems stemming from the credit crisis, leading to a fourth-quarter loss.
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