Debt Consolidation, Help and Relief

Major Banks Worry About Effectiveness Of FDIC Debt Guarantee Plan

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  • Posted 12/31/08. by admin

In the wake of the FDIC’s October 14th announcement that it would guarantee three-year senior unsecured bank debt issued through June 30, 2009, a number of major banks, including JPMorgan Chase, Goldman Sachs, and Bank of America, are airing their concerns and doubts about the effectiveness of the program.

Tags: FDIC

Consumer Reports Magazine Plans Credit Card Debt Education Article

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  • Posted 12/29/08. by admin

Consumer Reports magazine has received some new coverage recently regarding its plans to release a public education program meant to provide consumers with valuable information about credit card debt.

Tags: consumer reports magazine, credit card debt

China Continues Buying Up American Government Debt

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  • Posted 12/25/08. by admin

While it may not be surprising to some economic experts, many Americans remain apprehensive about the state of Chinese finances and their impact on the US economy.

Tags: china, bad debt

Stop Debt By Acknowledging It

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  • Posted 12/23/08. by admin

Debt is an issue that millions of Americans are facing. With the economy turning sour, people are looking for anything they can do to help ease the burdens that challenge them, and to prepare for whatever financial blows they may experience in the future. This is wise thinking that will help the economy turn around [...]

Stocks Slide As Government Opts Not To Buy Bad Debt

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  • Posted 12/21/08. by admin

With the decision to hold off using the $700 billion rescue package to buy bad mortgage assets, U.S. stocks suffered further slides, increasing the apprehension of many investors regarding consumer spending levels. Declines were precipitated by Treasury Secretary Paulson’s comments on the severity of the problems that were plaguing the economy.

Tags: [...]

Keep Your Cards Out Of Your Debt Relief Effort

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  • Posted 12/20/08. by admin

Learning how to approach the fight against debt is one of the biggest stages to overcome in this effort. There’s just so many variables to recognize and understand, most of which depend on your personal circumstances. However, it’s not entirely dependent on subjective considerations when you realize that debt is simply the result of purchasing [...]

Dastardly Debt Causes College Students Financial Concern

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  • Posted 12/18/08. by admin

Getting into debt is something that people fear. However, for most Americans, it’s a necessary aspect of having to make big purchases in life. Without credit, it’s very difficult to afford the things that go towards improving your life and securing a good future. This is especially true for education.

Tags: budget, student [...]

Conquer Debt By Spending Less And Earning More

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  • Posted 12/16/08. by admin

Ask anybody you know and they’ll tell you that money isn’t easy to come by. They’ll probably say this no matter how much they make, because it’s all too easy to spend every penny we have — and especially that which we don’t have — in our consumerist culture. The act of spending is shown [...]

Can Lower Taxes Help Relieve Debt?

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  • Posted 12/12/08. by admin

Concerns of the economy are something that’s occupying the minds of all Americans. It played a huge factor in the presidential election, and secured a victory for Obama due to his progressive stance and attitude that appears to be very different from the economic policies of Bush. While it is hotly debatable as to whether [...]

Avoiding Temptation While Fighting Debt

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  • Posted 12/10/08. by admin

Fighting debt isn’t just a single continuous effort; the psychological aspects of the challenge are often overlooked when it comes to starting off or staying out of debt once you’ve cleared up and straightened out your financial concerns. However, when you’re hard at work progressing slowly but steadily down the road of financial independence, it [...]

Stop Runaway Debt — Keep Those Cards Locked Up

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  • Posted 12/8/08. by admin

One of the many challenges facing American citizens today is the issue of credit card debt. With the economy sputtering along and credit lines choked up, more and more people are looking at the debt they have and attempting to figure out how they can remove it from their lives.

Tags: stop debt

Consumer Lending Shares Rise Due To New Debt Plan

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  • Posted 12/7/08. by admin

According to recent reports, the share of consumer lenders and student loan providers experienced significant gains in the stock market following the announcement by government representatives that the US government would provide support and guarantees for $200 billion in consumer loans, including auto loans and student loans.

Tags: Sallie Mae, First Marblehead Corp [...]

Fighting Debt? Zero In On Money Diffusion

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  • Posted 12/6/08. by admin

You’ve made the effort to begin eliminating debt from your life, but you still don’t know where all your money goes. You’d like to put more towards paying off the bills you’ve accrued, but it just seems like no matter how much you make, it’s never enough to put more towards clearing your debt. This [...]

Don’t Let Marketing Get Between You And Debt Relief

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  • Posted 12/5/08. by admin

People who attempt to take control of their finances and to eliminate debt often have a hard struggle ahead of themselves. There’s a lot of things to worry about than just budgeting, handling bills, and creating a new lifestyle that focuses on conserving income and living frugally. A whole other world exist out there, one [...]

Don’t Let Debt Break The Bank

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  • Posted 12/4/08. by admin

Often enough, people believe that facing debt means cleaning out their accounts and losing what they have going for them financially in order to get ahead later on in the far future. This is not true at all. When it comes to debt, one of the best things you can do for yourself is to [...]

Treasury Credit Swaps Soar To Record On New $800 Billion Pledge

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  • Posted 12/4/08. by admin

There have been a number of concerns raised about how exactly escalating debt will be funded. Costs associated with protecting against losses on US Treasuries increased amid fears generated after the Federal Reserve issued a new $800 billion program to battle the economic crisis.
Ten-year credit-default swaps on US government bond increased by six basis [...]

The Debt Collection Explosion

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  • Posted 12/3/08. by admin

Even as the economy continues to drop amidst market pressures, many Americans are encountering bigger challenges to their efforts to get the money they need to reduce their debts. With debt loads growing, consumers are receiving more calls from debt collectors seeking payment.


Tags: credit cards, debt collection

Credit Is Debt – Know How To Handle It In Advance

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  • Posted 12/2/08. by admin

One thing that confuses people today is the nature of credit. They don’t know what it does and how it can work for them, and as a result they end up paying too much for things that could otherwise be cheaper, or even end up struggling with debt they’ve created without intention. Credit is a [...]

Banks Intend To Sell FDIC-Backed Debt

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  • Posted 12/1/08. by admin

Recently, the FDIC finalized the Temporary Liquidity Guarantee Program, or TLGP, providing banks with a chance to issue government-guaranteed debt.  This opportunity is a narrow window that can be used to ease the strains on financial institutions, particularly when they are refinancing maturing debt of several months’ time.  By using the TLGP, many banks will [...]