The hottest Loans Substack posts right now

Stripe Capital is causing issues by not processing payments, leading to a need to migrate elsewhere.
The author experienced financial troubles, including fraudulent charges and a drained checking account.
Despite challenges, the author plans to continue creating content and maintaining a positive outlook.

Credit crunch is hitting various sectors like car loans, housing, and business loans.
Banks are cutting off car loans due to difficulty in getting buyers approved, affecting dealers.
Mortgages are in a critical state with plunging applications, high debt ratios, and increasing defaults.

Affirm's funding costs increased by 223% year over year due to rising rates and increased funding debt.
Affirm's revenue saw a modest increase, with interest income and virtual card revenue offsetting declines in other areas.
Households are facing declining financial well-being, with expenses outpacing income and savings dwindling.

Student loan payments are restarting in the US, impacting millions of Americans and the economy.
The restart of student loan payments will affect household finances and consumer spending.
There are changes to student loan repayment plans, potentially reducing monthly payments for many borrowers.

Banks are making it harder to get a loan due to higher interest rates and tightened lending standards across all loan categories.
Rising deposit costs are influencing banks to be more selective in lending, preferring customers with deposits in their institution.
Banks are tightening lending standards to protect themselves, leading to fewer loans offered and increased charges, covenants, collateral requirements, and reduced loan sizes.

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Podcast episode discussing access to capital and unique financing opportunities
Data from a capital sentiment survey showing trends in investment activity for both equity and debt providers
Quick takes on runway management and the importance of efficiency as a cultural trait in organizations

The Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/039 emphasizes the implementation of Global Standing Instruction (GSI) guidelines by financial institutions to manage loan defaulters and enhance credit repayment culture.
The circular mandates that recovery attempts through the GSI platform should now be continuous and unrestricted, ensuring persistent efforts until the loan is fully repaid.
Financial institutions are reminded to adhere to the guidelines outlined in the circular and make necessary adjustments as per the instructions provided.

The Bank Term Funding Program offers loans up to one year with specific eligible collaterals like U.S. Treasuries.
To participate, banks must follow a step-by-step process including confirming eligibility and submitting required documentation.
Operating Circular No. 10 outlines essential documentation needed, like legal documents and financial statements, for participation in Federal Reserve Programs.