September 2009

Government Debt to Beat Companies in Europe, Goldman Sachs Says (Bloomberg)

Sept. 29 (Bloomberg) — Government debt will outperform corporate bonds in Europe as central banks withdraw the unprecedented financial support provided during the credit crisis, according to strategists at Goldman Sachs Group Inc.

Arizonans have 3rd highest credit debt (The Sierra Vista Herald)

The average Arizonan has $3,515 in credit card debt, the third-highest level in the U.S., according to a study by the Corporation for Enterprise Development, based in Washington, D.C.

Asking about a debt not on credit report has pros, cons (The Columbus Dispatch)

Dear Debt Adviser: I have a large debt on a credit card that I stopped using in 2005. This debt does not appear on my credit report, and I have never heard a word from the creditor about collection of the debt. I find this baffling, as it is a substantial amount.

Lawmakers lash out at credit companies (WWLP Springfield)

Some lawmakers are lashing out at the credit card industry. They want a new set of rules designed to protect consumers and help customers manage their debt to kick this year.

Expert Answers How Much Credit Card Debt to Carry (News10 Sacramento)

On Friday’s Live_Online at 11 a.m., we talked with Gerri Detweiler of Credit.com about managing your debt and credit.

Credit card marketing intensifies as consumers try to avoid debt (Business Day)

Marketing of credit cards by banks has intensified as more consumers try to avoid the risk of incurring greater personal debt and opt for the greater sense of financial control offered by debit card schemes.

Credit card debt worsens in Q2: Moody’s (Investment Executive)

Moody’s Investors Service reports that Canadian credit card debt continued to deteriorate in the second quarter, with charge-off rates reaching a new record level of 4.8%.

A.M. Best Revises Outlook to Stable for Issuer Credit and Debt Ratings of HDI-Gerling Industrie Versicherung AG (Business Wire via Yahoo! Finance)

OLDWICK, N.J.—-A.M. Best Co. has affirmed the financial strength rating of A and the issuer credit rating of “a” of HDI-Gerling Industrie Versicherung AG . Concurrently, A.M. Best has affirmed the debt rating of “bbb+” on the EUR 250 million subordinated fixed to floating rate notes due 2024 issued by the former Gerling-Konzern Allgemeine Versicherung AG , which is now merged into HGI.

Credit card debt balloons (The Globe and Mail)

Canadians continued to pile up credit card debt in the second quarter of this year in lockstep with rising joblessness and personal bankruptcies.

Global credit agency warns Treasury on debt (AFP via Yahoo! News)

Global credit ratings agency Fitch on Thursday warned the Treasury over the state of the economy, saying it could endanger Britain’s creditworthiness if public debt is not brought down.

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