Monthly Archives: January 2010
Attorney general backs bill protecting consumers in debt (Chicago Sun-Times)
Illinois Attorney General Lisa Madigan is backing legislation to ban debt-settlement companies from charging upfront or monthly fees and that caps payments to firms promising to reduce credit card debt. The legislation would cap fees at 5 percent of the savings resulting from settling a debt, rather than a percentage of debt enrolled. Continue reading
Debt Collector: Tough Job But Someone’s Got To Do It (NPR)
As more people struggle to pay their credit card bills, one segment of the economy is booming: debt collection. It’s not an easy task. Continue reading
State Sen. Stephen H. Martin sued over credit-card debt (Richmond Times-Dispatch)
As the General Assembly struggles to balance the state’s budget, at least one state senator is trying to resolve troubles with his own. According to a lawsuit filed in March in Chesterfield County Circuit Court, Sen. Stephen H Continue reading
Obama Pushes $10,000 College Tax Credit and Student Debt Relief (Bloomberg)
Jan. 27 (Bloomberg) — President Barack Obama , in his first State of the Union address, proposed a $10,000 higher-education tax credit for families and said debt should be forgiven for those who repay college loans over 20 years. Continue reading
Obama Pushes $10,000 College Tax Credit and Student Debt Relief (BusinessWeek)
President Barack Obama, in his first State of the Union address, proposed a $10,000 higher-education tax credit for families and said debt should be forgiven for those who repay college loans over 20 years. Continue reading
Huge rise in credit card debt trap victims (Adelaide Now)
A CREDIT card binge late last year has led to a huge 25 per cent leap in work for busy debt collectors. Continue reading
Boost in credit card debt trap victims (Adelaide Now)
A CREDIT card binge among Australians late last year has led to a 25 per cent leap in work for debt collectors. Continue reading
Greece Remains Downgrade Risk After Debt Sale, Moody’s Says (Bloomberg)
Jan. 26 (Bloomberg) — Greece’s 8 billion-euro ($11 billion) debt sale yesterday won’t reduce the risk of another credit downgrade because the government has yet to implement its plan to cut the budget deficit, Moody’s Investor Service said. Continue reading
Credit Report Threats over Paid Debt (KUTV Salt Lake City)
How would you like to have your credit ruined over a debt you don’t owe? Time to Get Gephardt! Continue reading
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