May 2010

Bond Selloff Yields Gems for Tepper, T. Rowe: Credit Markets

June 1 (Bloomberg) — The worst month for corporate credit since markets seized up in 2008 means investors including hedge-fund manager David Tepper are seeing gems in everything from junk bonds to debt backed by commercial mortgages.

Don’t fall prey to aggressive debt collection tactics

Debt collectors know what buttons to push, so if you’ve never dealt with them before, you may agree to a repayment plan that you can’t afford

4 ways to overcome a loss in income

Income loss turns credit card debt into a monthly headache. Try these strategies to ease the pain.

Debt Crisis Drying Up European Lending, Espirito Santo Says

Europes sovereign debt crisis is making financial institutions reluctant to lend, threatening to choke off credit to the regions banks and consumers, said a senior executive of Banco Espirito Santo SA.

Beware firms offering debt solutions

Dear Liz: I’ve heard about the credit card debt relief act but can’t find details about how it works or what I can do to take advantage of it. I have a huge credit card debt load and struggle to pay it since my work from self-employment has dried up. I see many website companies offering help, but I can’t determine which are real or fake. Can you help me?

Credit card habits show signs of change as consumers pay off debt, save more

One of the big questions of the Great Recession is whether American consumers have truly learned their lesson.

U.S. Corporate Credit Risk Index Rises Most Since February 2009

May 28 (Bloomberg) — A gauge of U.S. corporate credit risk climbed the most in 15 months in May as Europes sovereign debt crisis sparked concern that economic growth may slow, making it harder for companies to refinance.

Credit Rating Cut Deals Blow To Spain

Fitch Ratings cut Spain’s credit rating Friday, saying its government’s efforts to reduce debt would weigh down economic growth. The ratings agency dealt a blow to state efforts to shore up confidence in its finances by cutting the country’s rating one notch from AAA to AA plus.

U.S. Stocks Fall as Spain Downgrade Reignites Credit Concern

U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, as a downgrade of Spains debt spurred concern the European credit crisis will worsen and energy shares sank on President Barack Obamas moratorium on new deepwater drilling permits.

5 Steps to DIY Debt Management

Do-it-yourself debt management isn’t easy, but these tips might help you shave your monthly bills.

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