Treasury Secretary Timothy Geithner says the U.S. government “will never” lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion.
Geithner says in an interview broadcast Sunday that in times of economic crisis, international investors will continue to buy U.S. Treasury bonds because the bonds are a safe investment.
MUMBAI: Banks are increasingly allowing borrowers to convert credit card dues into personal loans in a bid to stave off defaults triggered by inflation and rising rates. All leading banks are offering investors an option to pay for purchases in installments. While some are being proactive, others are offering them as part of a restructuring package after classifying the customer as delinquent.
When you need to borrow money, you can get a personal loan from a bank or financial institution. This could be to take a holiday, buy a car, do home renovations, consolidate your debts or for your business or for a myriad of other reasons.
These loans are available with various lengths of terms and repayment options depending on your personal financial situation, your credit history and the amount of money you wish to borrow. In the UK, borrowers can choose either a secured personal loan or an unsecured personal loan.