Personal finance and high corporate finance aren’t as diverse as you may think. The businesses which need some guaranteed loans at a while, or at least a line of credit in case they need a short term personal loan are some of the biggest names out there. Even the Ford Motor Company got guaranteed loans eventually. Ford is getting out of debt in double quick time. Fannie Mae and Freddie Mac need guaranteed loans just to stay above water.
Lord Mr. Ford you got guaranteed loans
The government lent the Ford Motor Company $ 23.5 billion before they needed bailout money and to file bankruptcy. Ford didn’t need a bailout, but only asked for lines of credit be set aside just in case. It turned out not asking for emergency cash loans from the government at that moment panned out. While Chrysler and General Motors were figuring things out, Ford’s sales went up 22 percent, according to the Wall Street Journal. Sometimes if you know can get a online loans if you absolutely need it is a confidence boost.
Mortgage giants need more guaranteed loans
Freddie Mac and Fannie Mae need more, nevertheless, in guaranteed loans. Freddie, according to ABC, lost $ 6 billion this last quarter already. The money hemorrhaging firm is asking for one more $ 1.8 billion from taxpayers. Both firms have until 2012 to get their houses in order. That’s when Treasury Secretary Tim Geithner is not going to cut any more checks.
Fortune 500 companies have credit scores too
Ford will improve the company’s credit score and get better deals on financing the more of their debt they pay off. It is like an individual paying down their credit card to improve their credit score; it works for the biggest corporations too.
online.wsj.com/article/SB20001424052748703589404575417491742322262.html
abcnews.go.com/Business/wireStory?id=11356950
