July 2010

Some debt settlement services are scams

Credit counseling and debt settlement services are a booming business. But some companies are scamming desperate consumers, making a bad situation even worse. Chris Oaks this week spoke to Gail Cunningham, vice president of the nonprofit National Foundation for Credit Counseling.

Credit card debt reduction companies: The Real Deal

Everyone has heard the ads for companies that promise to reduce credit card debt. For years, they’ve been charging big bucks upfront to help but, very soon, they’ll have to…

Debt Settlement Crackdown

NEW YORK (AP) – Companies that promise to reduce or eliminate credit card balances and other debt for customers will no longer be allowed to charge an upfront fee.

Crédit Agricole Corporate & Investment Bank Expands Credit and Debt Markets Team with Five Seasoned Professionals

NEW YORK–(BUSINESS WIRE)–Crédit Agricole Corporate and Investment Bank today announced the addition of five new highly experienced sales, trading, research, and DCM origination professionals to its expanding debt and credit markets platform. The addition of these resources to our team underscores our continued commitment at Crédit Agricole CIB to provide exceptional, fully integrated global …

Is Dad responsible for stepmom’s credit card debt after her death?

Responsibility for debt after the debtor’s death comes down to who signed the contract and what state they’re in

‘Debt relief’ firms can cost more, ruin credit

Dear Action Line: What can you tell me about these ‘debt relief’ firms that advertise on late-night cable TV? M.H., Tulsa.

Investors Should Sell Japan Sovereign Default Swaps, Credit Agricole Says

Investors should sell credit-default swaps on Japanese government debt because prices overlook the nations improving economic growth outlook, according to Credit Agricole SA.

Contact 6 helps homeowner get refund from Credit Solution Group

Sharon Cordoba’s debt and credit score are out of hand. With $30 thousand dollars of debt and mouths to feed, she tried to work with Credit Solution Group out of Brookfield.

AT&T Faces Credit Downgrade If It Doesnt Lighten Debt Load Soon

Ratings service Standard & Poors could cut AT&T Inc. s A credit ratings if the telecom giant doesnt lighten its debt load. AT&T has more than $9.7 billion of debt coming due in the next year that it either must pay off or refinance.

The Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card Debt

LOS ANGELES, CA–(Marketwire – July 28, 2010) – Throughout history debt relief has evolved and recently the industry has undergone a dramatic change due to high consumer credit card debt. Debt relief forgiveness can be traced back to biblical times in the Old Testament, when Moses declared a Holy Year to take place every year where all debts are forgiven and all slaves freed. In more recent …

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