Posted on March 9, 2011 by
A national debt-relief company has agreed to pay more than $1 million to end a New York state investigation into its practices and to refund more than 5,000 New Yorkers who enrolled in its program since 2003, Attorney General Eric Schneiderman says.
Continue ReadingPosted on March 3, 2011 by
Everybody’s talking about debt.
Continue ReadingPosted on March 1, 2011 by
Dear Debt Adviser, My question concerns so-called debt management plans , or DMP, administered by nonprofit credit counseling agencies.
Continue ReadingPosted on February 25, 2011 by
With the government more than $14 trillion in debt and the Government Accountability Office warning that the longer Congress waits to raise the debt ceiling the harder it will be for the Treasury Department to keep the government operating, some have suggested Congress take a note from Sanford and Son and start selling the junk it already owns.
Continue ReadingPosted on February 12, 2011 by
Hundreds of specialist debt advisers facing redundancy have won a temporary reprieve after the government found £27m.
Continue ReadingPosted on February 10, 2011 by
DETROIT — Continuing its aggressive efforts to reduce debt, Ford said Thursday it will redeem $3 billion in preferred securities in March, reducing annual interest costs by about $190 million. As of December 31, the automaker reported debt of $19.1 billion, after reducing debt by $14.5 billion during 2010. Debt reduction has been a recent priority for both Ford and GM
Continue ReadingPosted on February 7, 2011 by
The distressed debt market is set to grow as writedowns in the value of EMI Group Ltd. and Yell Group Plc loans signal struggling companies can’t always rely on banks to keep them afloat.
Continue ReadingPosted on January 16, 2011 by
The Congress must allow the country to borrow more to avoid a debt default that would wreak havoc on financial markets and imperil the U.S. economy, Democratic and Republican lawmakers said on Sunday.
Continue ReadingPosted on January 14, 2011 by
I keep hearing people erroneously claim that China is funding US deficit spending. It seems that every eejit with a fundamental misunderstanding of mathematics.
Continue ReadingPosted on January 10, 2011 by
Without changing the tax-cut policy, which does not match government spending cuts, the demand for raising the debt ceiling will automatically increase.
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