August 2009

Pacer Reworks Debt Plan (Journal of Commerce Online)

Intermodal middleman firm Pacer International said it “successfully entered into an amended and restated credit agreement” with bankers, beating an end-of-month deadline linked to an earlier waiver from debt covenants.

Seniors racking up credit card debt (Aberdeen American News)

WASHINGTON — Alice Smith thought she would live comfortably and quietly in her Hyattsville, Md., retirement community. Instead she’s fretfully dodging calls from her creditors….

The Credit Guy: Handling creditors when medical woes affect income (Arizona Daily Star)

Q: I am having a lot of financial problems due to medical conditions. I can’t pay my credit-card companies and have called to let them know of my situation. They have people calling four to five times a day. I want to pay my obligations, but am unable to now. What other recourse do I have besides debt management as suggested by one company?

Digging out of credit-card debt (Seattle Times)

For some consumers, excessive credit-card debt can result from life-event setbacks. For others, it’s a gradual slide.

Help teens learn how to use credit (Richmond Times-Dispatch)

Parents, talk to your college-bound youngsters about the correct use of a credit card on campus this semester—and about the dangers of racking up debt. Think about these sobering facts from a 2009 study by student lender Sallie Mae: Undergraduates are carrying record high credit-card balances. The average balance has grown to $3,173, the highest in the study’s history.

Debt load has Algoma facing credit problems (The Globe and Mail)

Essar Steel Algoma Inc. , the Sault Ste. Marie, Ont., steel maker that has been in bankruptcy protection twice in the past two decades, is grappling with credit problems again after its new owner loaded up the once cash-rich company with debt.

Kimco Realty repays $145M credit facility debt (The Washington DC Examiner)

NEW HYDE PARK, N.Y. — Real estate investment trust Kimco Realty Corp. said Thursday that together with its joint venture partners it has repaid $145 million of credit facility debt.

Susan Tompor on credit card debt (Detroit Free Press)

Do you think you have too much credit card debt? What’s a good way to get a low rate on a credit card? How will some new reforms to help consumers?

3 Ways Consumers Can Get Help with Debt Trouble After Credit Card Reform (PR.com)

Expert at Bills.com suggests tools to help with credit card debt. [PR.com - June 10, 2009]

New Laws Went Into Effect this Week with Hopes of Warding Off More Credit Card Debt for Consumers (PRWeb)

Significant parts of the new credit card law went into effect this week. As consumers sink further into credit card debt, many are looking for a bankruptcy alternative or credit card debt consolidation. CreditCardDebt.org offers a resource for consumers and information on the latest news. (PRWeb Aug 27, 2009) Read the full story at http://www.prweb.com/releases/2009/08/prweb2800474.htm

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