Debt Consolidation, Help and Relief

New Study Shows Credit Card Debt Lower New Business Survival Rates

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  • Posted 08/30/09. by admin

According to a recent study that was conducted by the Ewing Marion Kauffman Foundation, there is a possible correlation between credit card debt and reduced viability in small business ventures. In fact, the study suggests that chances of such businesses surviving its first three years are noticeably lowered by credit card debt.

Tags: credit [...]

Retirees Dealing With Larger Debt Than In The Past

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  • Posted 08/28/09. by admin

With rising health care and energy costs getting out of hand and the elimination of the traditional pension, retirement no longer holds out the guaranteed freedom it once did for many older Americans.

Tags: debt for retirement, retiree debt

Dept Of Education Waives Texas University’s Debt

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  • Posted 08/27/09. by admin

While much work remains, including increasing enrollment and raising graduation rates, Texas Southern University one of the major milestones was reached. The U.S. Department of Education has chosen to waive an $11.7 million debt. It was an issue that plagued the university for 13 years.

Tags: university debt, department of education [...]

Congress Pressured To Increase National Debt Limit

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  • Posted 08/24/09. by admin

With pressure mounting, lawmakers in Congress need to solidify the restructures of the financial system and get the controversial health-care legislation passed. Now many are calling for an increase in the maximum amount of money the federal government is allowed to borrow.

Tags: national debt limit

Treasury Reduces Estimates On Borrowing

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  • Posted 08/21/09. by admin

There may be some good news on the horizon as the U.S. Treasury reduced its borrowing estimate for the federal government’s fiscal Q4 to $406 billion – a reduction of $109 billion from the initial price tag of $515 billion.

Tags: treasury borrowing

On The Lookout For Fake Debt Collectors

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  • Posted 08/19/09. by admin

The BBB or the Better Business Bureau has issued serious warning to consumers regarding a new scam involving phony debt collectors that possess a significant amount of private information about their victims.

Tags: debt collectors, Federal Legislation of Unsecured Loans, fake debt collectors, Financial Accountability Association

Berkshire To Purchase Corporate Debt

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  • Posted 08/17/09. by admin

Berkshire Hathaway, the company of billionaire investor Warren Buffet, is purchasing corporate debt and foreign government-issued securities even as Buffet has lowered spending on stock falls.

Tags: corporate debt, berkshire hathaway

New Spike In Consumer Bankruptcies

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  • Posted 08/17/09. by admin

The number of consumer bankruptcies rose to their highest levels since October 2005 in July with many households across the United States struggling to deal with past debt and higher unemployment rates.

Tags: Bankruptcy Abuse Prevention and Consumer Protection Act, bankruptcy, consumer bankruptcy

Factors That Are Affecting Consumer Spending

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  • Posted 08/14/09. by admin

It is not a secret that consumer spending in the United States is down by significant margins.

Tags: consumer spending, us economy

Buyers Of Bad Debt Wait Out Consumer Worries

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  • Posted 08/12/09. by admin

It sounds like the worst is yet to come for consumers across the country – many of whom are dealing with serious debts, don’t have much cash, and who are losing jobs in greater numbers. This also happens to be the view of many of the nation’s major debt collection groups.

Tags: debt collection, [...]

Senior Citizens Drowning In Credit Card Debt

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  • Posted 08/9/09. by admin

In a startling report, great numbers of non-wealthy senior citizens are amassing serious credit card debt at an alarming rate—outpacing many other demographics.

Tags: senior citizen credit card debt, credit card debt

Programs Looking To Ease Burden Of Student Loan Debt

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  • Posted 08/6/09. by admin

There are two Federal programs that have been established to relieve student loan debt for those recent graduates who may be struggling to find a place in the flagging employment market.
According to educational professionals such as Terry Hartle, the senior vice president of the American Council on Education, these new programs are being billed as [...]

Freddie Mac Repurchases Sub Debt

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  • Posted 08/2/09. by admin

Last September, Freddie Mac bought back a majority of its subordinated securities before the company and its counterpart Fannie Mae were taken over by the federal government.

Tags: subordinated securities, freddie mac