Private Student Loans May Be A Bad Move
It is common to think of student loans a form of “good debt.” This typically means the sort of debt that Americans take on to pursue secondary education or a college degree. With this debt comes the promise of higher income that would help them pay it off faster.
Yet, there is another term [...]
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Buyers Of Bad Debt Wait Out Consumer Worries
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.
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Stocks Slide As Government Opts Not To Buy Bad Debt
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.
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