Monthly Archives: March 2010
Credit Ratings: The View From Standard & Poor’s (New York Times)
Your March 21 editorial discussing credit rating firms (“ Moody’s and the Debt Threat ”) refers to a 2008 Securities and Exchange Commission report without noting that the same report also stated that there was no evidence that decisions about ratings methodologies or models were based on attracting or losing market share. Continue reading
Debt-settlement fraud rising with lack of regulation (Washington Post)
Baltimore resident Gloria Snowden thought she had found a way out from under her $10,000 credit card bill when she signed up with a company that promised to negotiate with creditors to settle the debt for less than she owed. Continue reading
Credit Card Debt Relief Easy to Apply and Qualify For (Marketwire)
With Millions of Consumers and Businesses Still Reeling From the Effects of the Economic Recession and Drowning in Debt, Credit Card Debt Explains Relief Options and How to Get Started Continue reading
Credit Card Debt Relief Easy to Apply and Qualify For (Marketwire via Yahoo! Finance)
LOS ANGELES, CA–(Marketwire – 03/25/10) – Though it remains unclear if the U.S. Continue reading
Credit card warning (Herald Sun)
CONSUMERS switching debt to new credit cards are being caught out by “stealth charges” that can leave them with bigger interest bills. Continue reading
Conquer credit card debt with a second job (Bankrate.com)
Dear Debt Adviser, We have $46,000 in credit card debt . We do not use the cards anymore unless it is for something important like our daughter’s glasses Continue reading
Conquer credit card debt with a second job (Bankrate.com via Yahoo! Finance)
Boost your income with a second job and trim expenses to pay down massive credit card debt. Continue reading
Be wary of credit card debt settlement offers, prepare a plan to cut debt (Detroit Free Press)
Nichole Buchanan took a loan against her retirement account to climb over a mountain of credit card debt. It’s not a move that many people could — or should — make Continue reading
Worries About European Debt Weigh on Asian Stocks (New York Times)
Asian stock markets dropped on Thursday and the euro hovered near 10-month lows as a credit downgrade on Portugal added to worries about debt levels in Europe. Continue reading
Aiful Debt Valued at 31.375% in Initial Swaps Auction (Update2) (BusinessWeek)
Credit-default swaps traders settling contracts linked to Aiful Corp. set an initial value of 31.375 percent of face value, after the consumer lender restructured its debt to avoid bankruptcy. Continue reading
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