WEBODIGY Business & Finance Journal

PT Bussan Auto Finance (BAF) to support sales of Yamaha motorcycles this year up to 3 million consumers through and eventually led the national motorcycle market.

BAF Marketing Director Armando Lung said over 35 years in Indonesia, Yamaha could become number one in the National motorcycle market. BAF, he said, support these achievements with the support of Yamaha motorcycle sales through credit.

“Yamaha could be number one and BAF contributed as an official credit Yamaha,” he said in a ceremony to present to 3 million consumers in Jakarta this afternoon.

On the occasion, BAF gave gifts to the motorcycle Jarot Mio Nurtrimoyo as 3 million consumers to Yamaha.

Armando said that this year the growth of new financing BAF increase along with improving the national economy. This encourages an increase in purchasing power.

He said the financing market last year constrained three things, namely the tight liquidity, high interest loans and bad credit

U.S. consumer credit fell at a record U.S. $ 17.5 billion in November after the unemployment rate close to the highest position in 26 years and banks restrict credit access.

According to the Federal Reserve reports consumer credit decline exceeds the October projection of U.S. $ 4.2 billion. With the decline of consumer credit to U.S. $ 2.46 trillion. While the median estimate of economists fell U.S. $ 5 billion.

Consumer credit was recorded using a credit card and other types such as the purchase of motor vehicles.

Number of workers fell 7.2 million since the recession began in December 2007 erode consumer spending. Fed policy tightening credit standards and reduced credit lines holding recovery.

“Unemployment is achieving double-digit erode consumer confidence and uncertainty caused the credit card payment delays. It’s never happened before credit card decline since the recession of the 80s,” said Chris Rupkey, chief financial economist of Bank of Tokyo-Mitsubishi UFJ Ltd. New York.

Consumer loans decreased 10 times in a row is the longest since 1943.

The Fed said revolving credit such as credit card down the largest U.S. $ 13.7 billion during November. While non-revolving debt, including auto loans and home run, off of U.S. $ 3.8 billion. The report did not mention the credit for real estate.

Automotive sales in the U.S. rose during November to 10.92 million, from 10.45 million in October

China’s central bank targets a moderate credit growth this year signals the government’s efforts to curb the expansion of the loan.

People’s Bank of China said the government needs to support economic growth relatively quickly but still controlling inflation expectations.

China was trying to consolidate the recovery by preventing excess liquidity in the financial system could cause inflation spikes, the manipulation of assets, and bank bad debts.

Liu Mingkang, the banking authority officials, in an opinion written to Bloomberg News this week said that while this sector has more than enough capital, but the structural bubbles are still a threat.

“I can not doubt that excessive credit and it explains why the authorities began to worry about credit portfolio this year,” said Qu Hongbin, chief China economist at HSBC Holdings Plc in Hong Kong.

Qu provides estimates of new loans will be limited to 7 trillion yuan (U.S. $ 1 trillion) in 2010. A number of banks including Industrial & Commercial Bank of China Ltd., to distribute credit in the amount of unexpected reach 9.21 trillion yuan during the 11 months in 2009, higher than 4.15 trillion yuan a year earlier.

China’s central bank also limit the volatility of credit and oversee the property market and will stabilize the stock market operations.

Life is not always perfect, we sometimes stucked in a moment that need us to get cash in rush, it’s weeks away to payday, but you need it know, one of your family maybe need medication, since he got sick all the way. Or your private car, suddenly get stopped, dont know why, but some of their part is need to change to get it fine again. Now you need now, and you decide to borrow some money from your friend, or maybe you used  your credit card, while you know the maximum loan already on your card.

Then next to next month, it’s getting bigger in amount that you should pay of your loan. You need to find a way a solution, the fee of charge of your loan, is the price that you have to pay from your loan, it’s also increase. Well, maybe it’s time for you to get a debt settlement, to clear an negotiate your total loan, hoping to get some clear away, and you can pay less for the fee/charge of your late payment. You dont have to be ashame to ask for debt help. It’s only  a simple way to settling debt. So it’s life, sometimes you stucked, and it’s okay, you just have to faced it.

Visa Inc. said cardholder spending trends in the Asia Pacific rose 13% to reach U.S. $ 981 billion over 12 months to 30 June 2009 which indicates the transition more and more dominant electronic payment.

Rupert Keeley, President of Visa Inc., Asia Pacific, Central Europe, Middle East and Africa, said the increased spending is mengisyarakatkan early signs of restoration of confidence in the region.

“Although it is too early to say the economy has recovered, we see the signs better. In total, spending Visa cardholders Asia Pacific for 12 months increases,” Keeley said in a release received bisnis.com.

He said the amount of U.S. $ 981 billion dollars calculated in a stable base. He further said that the volume of payments that represent the number of purchases using Visa cards, Visa Electron or Interlink brand increased 13% to $ 636 billion over 12 months.
“The acquisition is led growth based on even a little,” he said.

Visa Debit payment volume also rose to 33%, while the volume of Visa credit payments, which controls 84% of the total payment volume in Asia Pacific, increased 12% and Visa Commercial rose 8%. Visa services include consumer credit, debit, prepaid and commercial payments brand offered by Visa, Visa Electron, Interlink and PLUS.