Banks not lending? Corporate borrowing soars in 2011

Consumers may be cutting debt and banks may be tightening up their balance sheets, but borrowing by U.S. corporations is in full swing.

At a time when the popular narrative centers on how tight-fisted banks are getting with their lending, end-of-year data for syndicated loans tell a different story.

Corporations use syndicated loans for longer-term financing. The loans usually are provided by a group of deep-pocketed lenders who can distribute liability among them and thus decrease their risk. Big Wall Street investment banks are usually the source of such loans.

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How to Pay Off Your Christmas Debt in 2012

For many people, Christmas shopping is a must and the holidays will never be complete without spending.  But before the year ends, ask yourself, “Will you be stress-free come 2012 or will you find yourself stuck in deep holiday debt that would be difficult to get out of?

In case, you do find yourself stuck in debt, be sure to act quickly and do not delay paying off your Christmas debt.  On this post, we present practical tips on how you can become debt free at the soonest time possible. 
Check your report. As a consumer, you have the right to request for a free copy of your credit report from each of the three major credit bureaus.  You can exercise this right at the start of 2012 especially if you used credit cards to shop. Thus, you can check the status of all your accounts and make sure that the charges are correct. 

Read more How to Pay Off Your Christmas Debt in 2012

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