Canadian Growth Expected To Slow; Personal Debt Increasing
Canadian officials say the country’s debt is growing at staggering levels. The rebound in stocks and housing prices seems to have been a temporary improvement, say officials. The Bank of Canada has cut it’s growth projections so instead of predicting 3.5% GDP growth in 2010, officials say Canada will grow 3%. And projects for 2011 [...]
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Are Refund Anticipation Loans Headed For Extinction?
Back in the day, Americans strapped for cash around the holidays could take out a Refund Anticipation Loan. That meant that they could spend the money they expected to get back from Uncle Sam long before tax season even arrived. But a new battle brewing between H&R Block and HSBC Bank [...]
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Use Cash For A More Nutritious Grocery Store Visit
Trying to eat healthier? You may want to try paying with cash instead of plastic. At least that’s what a new study published in the Journal of Consumer Research says. Why would this be? Overall, researchers say it’s harder to part with cold hard cash. That means we’re more conscious of what we buy when [...]
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Auto Lending Accelerating According To Data
In the market for a new car? For those wondering if they could get their hands on credit for purchasing an auto, it looks like consumers may have an easier time getting money. A report from Bloomberg shows that US auto sales are continuing to accelerate at a pace that may match [...]
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Bankruptcy Doesn’t Stop Student Loans
Filing bankruptcy won’t help those struggling with student loans. That includes James Reach who, according to the Chicago Sun-Times lost his house but can’t shake the education debt. A new bill co-sponsored by US Rep. Danny Davis could help those Americans like Reach. The Private Student Loan Bankruptcy Fairness Act of 2010 would make it [...]
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Tuesday’s Twitterer To Follow: @SavingSense
Wondering who to follow in the big wide world of Twitter? There are plenty of great Twitterers out there tweeting about money, debt, and finance– [...]
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New Study: 4 In 10 Worry About Debt
A new study released by UK trade body R3 says four out of ten people admit to being worried about the amount of debt they currently have. Roughly 40% of UK consumers are concerned about the debt they’ve racked up with 13% saying they’re extremely or very worried. Of those surveyed, they say their main [...]
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‘Til Debt Do Us Part: Breakups Caused By Money Problems
Allison Brooke Eastman’s fiance was ready to walk down the aisle and commit to the wedding vows. Until he found out how much debt she had. Turned out when he was about to say “for richer and for poorer” he really had no idea just how poor. According to the New York Times, Eastman’s finance [...]
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