Many service members enter the military in their late teens or early 20s with little credit history, and are often targeted by auto loan financiers, credit card companies and retail stores that hide high financing costs behind low down payments and short-term teaser rates.
In the immediate aftermath of the mortgage crisis, car loan financiers were initially scared off from loaning money to buyers with poor credit, according to Bankrate.com.com
Auto loan financiers are beginning to adopt a practice from the housing industry that many say played a significant role in the meltdown of the housing market.
Abetted by the burgeoning credit market, building-and-loan financiers had been enticing depositors with the promise of homeownership while siphoning off money for themselves, a scheme that eventually failed, along with the stock and real-estate markets.
It generally means using some kind of market-based mechanism to raise funds - although there are exceptions, such as the proposed tax on international airline travel or international banking transactions, or the use of International Monetary Fund gold reserves to back "green loans", as financier George Soros proposed during the Copenhagen climate summit.
Japan's mighty banks were lording it over international loan markets, and financiers across emerging Asia were riding high on a wave of phenomenal economic growth, propelled by soaring property and equity markets.
In April, 1977, Donald Nixon was called as a witness before a federal grand jury investigating the financial dealings of Gene Conrad, an Orange County political financier and loan broker.
Sachin tells me he took a loan from a private financier to buy an autorickshaw a couple of years ago.
Investors began the day fearing more industrywide write-downs of bad home loans after the mortgage financier Freddie Mac reported a larger-than-expected second-quarter loss.
Relativity and Citigroup Global Markets, its major lender, were involved in lawsuits over the terms of loans that support the financier's investment in films for Hollywood studios.
