The recent upgrade of the FAIR Oil & Energy Insurance Syndicate's (FOEIS) credit ratings by AM Best marks a significant achievement. This improvement saw FOEIS' Financial Strength Rating rise from B+ (Good) to B++ (Good) and its Long-Term Issuer Credit Rating jump from “bbb-” (Good) to “bbb”
Divorce poses numerous challenges, one of the most critical being the potential for severe credit damage due to jointly held mortgages. Thousands of divorcees in the US have received a stark warning about the financial pitfalls of joint mortgages, particularly when ex-spouses struggle to meet
Current trends and market analysis reveal a growing preference among younger shoppers for flexible payment solutions when purchasing luxury fashion items. Recent advancements such as buy-now-pay-later (BNPL) services are shaping the future of luxury retail. This analysis highlights the reasons
Commonwealth Bank of Australia's (CBA) recent policy change to ease restrictions on Higher Education Contribution Scheme (HECS) debts in home loan assessments has generated significant interest. This move aims to assist young individuals burdened by student debt to qualify for home loans, a
Germany has recently undertaken a significant overhaul of its Schufa credit score system, which promises to bring a host of improvements to consumers. The current opaque system has been transformed into a much more transparent model, employing twelve clear criteria that focus on themes such as
In a groundbreaking move within the B2B payments sector, Taulia, a leading provider of working capital management solutions, part of the SAP group, has partnered with Lloyds, the UK’s preeminent retail and commercial financial services provider. This partnership aims to enhance business-to-business
