Junk bond is a bond with a speculative credit rating of BB or lower. Such bonds offer investors higher yields than bonds of financially sound companies. Two agencies, Standard & Poor's and Moody's Investor Services, provide the rating systems for companies' credit.
Not every would-be homebuyer has good credit. But many of them still get a mortgage loan; they just pay more for it. Unfortunately, the growth in lending to credit-impaired (sub-prime) borrowers ha... [ more... ]
Next to winning the lottery, a debt consolidation loan is a debtor’s dream. You’ll have one monthly payment and hopefully be able to finally pay off those debts.