Bank finance articles and tips

Debt consolidation combines all of your multiple debts into one big debt and enables the debtor to reduce several monthly payments to just one fixed monthly payment. It becomes easier for the debtor to keep track of his finances and pay off his debts when he has to invest in one monthly payment towards paying off his debts. This is the prime goal of debt.

Debt consolidation is similar as dieting. It is like shedding off your extra calories only here you get rid of your debt over burden. It can help you in emergency to cure your problem but your financial health is in your own hands. Debt consolidation involves patience, sacrifice and discipline. It needs support and co-operation from your near and dear ones. Most importantly, just as one should be careful not to regain weight after losing the extra fat through dieting and routine, one should also be careful not to be over burdened with debts soon after you eradicate your debts through debt....

With current interest rates hitting historic lows, one would assume it should be easier than ever to obtain a mortgage loan, especially since the mortgage payments are more affordable due to lower interest rates.

However, pretty much 100% of loan products offered by institutional lenders today are strictly "prime" loans and they are available only to the best qualified borrowers with perfect, or nearly perfect credit, income, and employment. In addition, the property, which serves as collateral, must be in top shape as well to qualify....

Total Assets Values listed in United States Dollars.

1. BNP Paribas $2.598 Trillion US Dollars.

BNP Paribas is a French bank headquartered in Paris France. It is a global company with operations in 80 countries and employs 205,000 employees worldwide. BNP Paribas has significant share of the retail banking markets in France, Belgium, Luxembourg and Italy. It acquired most of its banking operations in Belgium and Luxembourg from Belgian company Fortis in 2008 which was badly affected by the sub- prime crisis that affected finance companies worldwide. BNP Paribas trades in Belgium as BNP Paribas Fortis and is the largest retail bank in Belgium.

Reserve struggles to create a plan to spur borrowing, bankruptcy debtors still have the opportunity to borrow money to buy homes. Let's take a look at how bankruptcy debtors can get a mortgage during or after bankruptcy:

After Chapter 7 Bankruptcy

A debtor is often able to obtain a subprime mortgage less than a year after their bankruptcy discharge. However, if they are willing to wait an additional two years they can often get prime mortgage rates or at least close to prime. FHA mortgages are available to Chapter 7 debtors two years after bankruptcy, while conventional loans are accessible after four years. If a Chapter 7 debtor has done an exceptional job in rebuilding their credit, they may be able to get a conventional loan only 3 years after their bankruptcy discharge. Three years is enough time to save a sizeable down payment and build the type of credit rating that can bring interest rates down significantly.