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Image by Getty Images via DaylifeWoodbridge Investments to Offer Foreclosure Assistance to Homeowners Receiving Structured Settlement Payments

Woodbridge Investments, LLC. a structured settlement factoring company has today announced a new program designed to aid homeowners who are facing foreclosure.

Studio City, CA - March 15 — Woodbridge Investments, LLC. a structured settlement factoring company has today announced a new program designed to aid homeowners who are facing foreclosure.

The newly implemented “Woodbridge Home Owner Relief Program” will allow homeowners who are receiving structured settlement, annuity, or lottery payments to instantly borrow up to $20,000 against their settlements to reinstate or pay delinquent mortgage payments.

Heading up the innovative new program is Sofia Ekberg, who has an extensive background in debt negotiation with banks nationwide. Sofia stated, “My experience with homeowner relief programs acted as the catalyst for the idea to offer loans to homeowners receiving structured settlements.”

Ms. Ekberg further added, “Management at Woodbridge Investments was thrilled with the idea and has set aside a fund to immediately begin making loans.”

To qualify, an individual must own a home and at the same time be receiving a structured settlement, annuity or lottery payment.

About Woodbridge: Woodbridge Investments and its predecessor companies have been purchasing Lottery Payments, Structured Settlements and other cash flows since 1993. Over a thousand individuals and families have relied on Woodbridge to realize a large lump sum from the sale of their long term payments.

Press Contact: Jennifer Fiero
Company Name: Woodbridge Investments, LLC
Phone: 1-866-865-7044
Website: www.woodbridgeinvestments.com

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Image via WikipediaBad Credit Loans to the Recession Rescue

Fears of an official recession have government officials wringing their hands with worry, reports Andy Hygate from www.loansbadcredit.org.uk.

Edinburgh, UK - April 1 — Fears of an official recession have government officials wringing their hands with worry, reports Andy Hygate from www.loansbadcredit.org.uk. But for the average consumer it doesn’t really matter what the economists and market pundits predict or declare. Most of the UK population is already experiencing a recession on a personal or household level, and no amount of number crunching or financial juggling will do anything to change that stark reality.

One thing that could help, however, is a so-called “bad credit” loan. These are special loans extended to those with poor credit, and during recessionary times like these, they represent one of the last lines of defense and one of the best ways to access a line of credit to help weather the storm. Bad credit loans can provide emergency funds to help get back on solid financial footing, or they can be used on a longer-term basis for mortgages and other major but necessary expenditures.

Such loans may be a lifesaver if the situation persists. Roger Bootle, managing director of Capital Economics, was quoted by the Telegraph as saying that the growing financial crisis has increased the chances of recession in the UK as families struggle with their finances.

• The government may need to raise taxes even more and scale back benefits to offset the nation’s economic problems, which would only put more pressure on the average consumer.

• Petrol prices are going up with no end in sight, and the cost of transporting all sorts of consumer goods is going up as a result. Those increases are being quickly passed along to retail buyers, so that the average UK consumer is bearing the biggest burden of all.

• For example, the Bank of England has been forced to lower its interest rates twice in an effort to jumpstart the slumping economy. But mortgage lenders, credit card companies, and others who sell their financial services and are experiencing difficult time have not passed those price cuts along to their customers.

Meanwhile the news from across the puddle indicates a growing sea of debt that will soon wash ashore in the UK and likely prove that the turmoil in the USA is contagious - especially for economies that are so closely connected to it as is that of the UK.

“The underlying trends are horrible, with worse to come,” reported the Guardian, citing prominent economist Ian Shepherdson of High Frequency Economics in New York.

With the unprecedented fall of Northern Rock - the first run on a UK bank in 100 years - and a rescue effort to save it that will eventually cost taxpayers about £25 billion - the economy signaled a severe crisis of staggering proportions. The bailout of the failed bank was mirrored on Wall Street, where one of America’s legendary investment banks - Bear Stearns - fell apart within a matter of days. Stock in that company traded for around $160 per share last year, and hit $2 in mid-March.

The Telegraph reported that millions of British households will feel the aftermath of these events as mortgages become harder to get and monthly debt rises. One sign of recession is rising unemployment, and when Bear Stearns fell, fears rose that the company’s 1,500 London-based employees might find their jobs or salaries in jeopardy - like so many others in the UK have already experienced.

However those companies that intentionally specialise in providing loans for bad credit are welcoming distressed Brits with open arms - and open purse strings. If you find yourself faced with the dilemma confronting most of us during these turbulent times, you may want to explore the option of a bad credit loan as a financially prudent alternative.

Press Contact: Andy Hygate
Company Name:
Phone: 077960436789
Website: www.loansbadcredit.org.uk

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Image via WikipediaFitch Downgrades Capstan Master Trust Auction Rate Credit Linked Certificates Series 1-4

NEW YORK– July 23, 2008 –Fitch Ratings has removed from Rating Watch Negative and downgraded the following series of Capstan Master Trust (collectively, Capstan). The following rating actions are effective immediately:

Capstan Master Trust Series 1

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

Capstan Master Trust Series 2

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

Capstan Master Trust Series 3

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

Capstan Master Trust Series 4

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

The actions reflect Fitch’s view on the credit risk of the rated certificates following the release of Fitch’s new Corporate CDO rating Criteria.

Capstan Series 1 through 4 are four series of auction rate credit-linked certificates, the proceeds from which were used to directly purchase $600,000,000 of credit linked certificates (the ‘Underlying Collateral’) referencing a static portfolio of primarily investment grade corporate assets, which was privately-rated by Fitch in July 2007. The Underlying Collateral is the sole asset of Capstan. Periodic interest payments on the auction rate credit-linked certificates are determined and paid according to an auction process, as described in the transactions’ governing documents. In addition, Capstan has entered into a basis swap with Deutsche Bank AG (rated ‘AA-/F1+’; Outlook Stable by Fitch), whereby income from the Underlying Collateral is transferred to Deutsche Bank AG in exchange for periodic interest payments due on the auction rate credit-linked certificates. The rating of Capstan is directly linked to the credit risk of the Underlying Collateral. Thus, the downgrades reflect Fitch’s view on the credit risk of the Underlying Collateral for the deal, which was downgraded to ‘A’ from ‘AAA’ on July 23, 2008.

The key drivers of the downgrade on the Underlying Collateral include Fitch’s updated corporate CDO rating criteria as well as the deterioration of the average portfolio quality from ‘BBB/BBB+’ on the closing date (July 2007) to ‘BBB-’ on July 16, 2008, representing an average downgrade of 2 notches across 51.2% of the portfolio. Currently, 18.4% of the portfolio carries a below investment grade rating, approximately 12.0% of the portfolio is on Rating Watch Negative and 17.6% is on Negative Outlook by Fitch. Moreover, 24.0% of the portfolio is concentrated in the banking & finance sector which is currently under stress.

Given Fitch’s view of concentration and the current credit quality of the portfolio, the credit enhancement level of 9.8% is not sufficient to justify the current rating of the Underlying Collateral.

Fitch released updated criteria on April 30, 2008 for Corporate CDOs and, at that time, noted it would be reviewing its ratings accordingly to establish consistency for existing and new transactions. As part of this review, Fitch makes standard adjustments for any names on Rating Watch Negative or with a Negative Outlook, reducing such ratings for default analysis purposes by two and one notch, respectively. Fitch has previously noted that its review will be focused first on ratings most exposed to risks it has highlighted in its updated criteria. Consequently, the certificates were placed on Rating Watch Negative on May 15, 2008. As previously indicated, resolution of the Negative Watch status depends on any plans managers/arrangers may choose to modify either the structure or the portfolio. In this case, the arranger has confirmed that it does not intend to make any modifications.

Fitch’s rating definitions and the terms of use of such ratings are available on the agency’s site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch’s code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the ‘Code of Conduct’ section of this site.

Contacts

Fitch Ratings
Derek Miller, +1-312-368-2076 (Chicago)
Kevin Kendra, +1-212-908-0760 (New York)
Media Relations:
Julian Dennison, +44 020 7682 7480 (London)
Sandro Scenga, +1-212-908-0278 (New York)

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Take Advantage of Bad Credit Loans to Consolidate Outstanding Debts

Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk.

Edinburgh, UK - March 11 — Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk, and get out from under an avalanche of rising interest payments.

Just when we had hoped for relief, the economic woes seem to accelerate with no end in sight. Combined with growing fears of a recession we now have the disturbing prospect that an imminent recession will be combined with simultaneous price inflation. Commodity prices, for example, are climbing - with some industry observers predicting that the price of petrol will rise as much as 30-40 percent by July. As these factors create a bleak economic outlook, the cost of high-interest debt becomes more burdensome.

According to recent reports from the Telegraph and BBC News:

- A record-breaking 107,000 people went insolvent in 2006, an annual rise of almost 60 percent, as UK personal debt totals hit £1.4 trillion

- Lenders wrote off about £6.8bn in individual debt last year, the biggest annual total on record.

- Banks classified a total of £2.1bn as bad debt in the final quarter of 2007, of which £1.6bn was consumer debt.

- Only a small fraction of this was mortgage debt, with the majority accounted for by credit card and other unsecured debts.

But all is not lost. While major interest rates are still relatively low there is time to get out from under high-interest debt, and mounting monthly payments by borrowing a single affordable loan and using it to pay off more expensive loans. The strategy, referred to as debt consolidation, is often recommended to consumers faced with seemingly impossible financial circumstances. A debt consolidation loan is one that offers a more competitive rate than the ones you currently hold.

Of course if you already have bad credit, it can be harder to find an attractive consolidation loan. But so-called bad credit loans offer a solution, even for those with low credit scores. Lenders who offer these loans tailor to a niche market, and specialise in serving those borrowers who are turned down by traditional banks and other lenders due to credit problems. Their sole purpose and business focus is on providing loans to people with poor credit, and the services they provide are a valuable asset for UK consumers unable to borrow from conventional lenders.

With a bad credit loan from one of these lenders, it is possible to consolidate debt and convert your bad credit into a good plan for saving money and getting back on track to financial security. Transferring outstanding balances to a single lower interest bad credit loan accomplishes two critical and financially helpful goals.

First of all, you save money on the difference in interest payments. For example, if you are paying on a credit card that charges 18 percent interest and can pay off that balance with a new loan that only charges 8 percent, you realise immediate savings of 10 percent. That’s a better return than most stock market wizards can boast, and it can be done in a matter of minutes by simply applying for the new loan.

Secondly, consolidating debt by paying it off with a single loan makes monthly payments simpler to manage your budget. With only one payment to make - instead of numerous bills to pay at various times during the month - it is easy to write one check, once a month. You minimize the risk of late payments, penalties, fees, and punitive rate hikes, while also making your personal financial life less stressful.

Press Contact: Andy Hygate
Company Name: Loans for Bad Credit
Phone: 07780859312
Website: www.loansbadcredit.org.uk

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