January 2010

Greece has ‘full’ EU support in debt crisis: German FM (AFP via Yahoo! News)

Greece has the “full support” of Germany and other European Union peers as it struggles to beat back a mountain of debt and a runaway public deficit, Germany’s foreign minister told a Greek daily Sunday.

Fewer shoppers using credit cards but debt still rising (The Scranton Times-Tribune)

Now that the holidays are over, credit card bills are starting to come in, and some people are struggling to pay them amid the tough economy. “According to a survey in our office, the number one cause of clients’ financial problems in 2009 was reduced i

Two churches hosting debt seminar classes (The Terrell Tribune)

Easy access to credit has many Americans drowning in a sea of plastic debt. The average household owes around $10,000 on credit cards. The tough economic times can make it seem impossible to get out of the financial pit. The search for answers has led many to an unlikely place for financial counseling; churches.

Five myths about America’s credit card debt (Washington Post)

They’re yuppie food stamps. They give new meaning to the question “paper or plastic?” And they’re in everyone’s wallet. Americans have nearly 700 million all-purpose bank credit cards, plus nearly 500 million retail store cards — and they have transformed how we live and consume. Today, Americans are more dependent on credit than savings, a radical departure from the last major economic crisis …

Debt ratio crushes responsible reader (Ventura County Star)

Dear Bruce: I noticed last summer that my interest rates on my credit cards shot up. When I called the company, they said it was because of my income-to-debt ratio, which has to do with my student loans that I’m still paying off. I have always been on time with paying all of my bills, so why am I being penalized? — S.P., via e-mail.Dear S.P.: Lenders are concerned about a number of things …

Dennis Santiago: Pondering Moving Credit Card Debt (The Huffington Post)

For most consumers the closest one ever gets to the world of finance will involve two things. The mortgage and one’s credit card(s). This story…

Tips offered for after-holiday credit card debt (KXLF Butte)

Though the holiday season may have ended, you are probably starting to feel the pinch of the season on your wallet. Beverly Johnston of the Consumer Credit Counseling Service says that during January, many people come in with excessive debt on their credit cards after the holiday season.

Tips offered for after-holiday credit card debt (KBZK Bozeman)

Though the holiday season may have ended, you are probably starting to feel the pinch of the season on your wallet. Beverly Johnston of the Consumer Credit Counseling Service says that during January, many people come in with excessive debt on their credit cards after the holiday season.

When Your Business Loan Affects Your Personal Credit (BusinessWeek)

Small business debt hasn’t traditionally been reported to consumer credit bureaus, but the rules of the game are changing

AIG Draws Another $2.4 Billion From Fed Credit Line (Update1) (Bloomberg)

Jan. 29 (Bloomberg) — American International Group Inc. , the insurer bailed out by the U.S., increased its borrowing under a Federal Reserve credit line by the most since October to repay debt from an expiring government commercial paper program.

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