Monthly Archives: September 2010
Credit Sesame Gives Consumers Control Over Credit and Debt
SUNNYVALE, Calif., Sept. 28 /PRNewswire/ — Credit Sesame ( www.creditsesame.com ), a free online tool that helps people take control of their credit and save money with smarter loans, launches in beta today at TechCrunch Disrupt. Credit Sesame founders spent years developing the analytics that banks use to make their lending decisions – and are now using that … Continue reading
How New Laws Will Affect Consumers’ Ability to Get Out of Credit Card Debt
DALLAS, TX–(Marketwire – 09/28/10) – With consumer debt rising over the past few years due to economic stress, many consumers found themselves with very high credit card debt balances in desperate need for debt relief. With such a high demand for credit card debt help a debt relief service called debt settlement gained increasing popularity Continue reading
Investors rocked as credit agency slashes Irish bank’s debt rating
Credit agency Moody’s slashed its ratings on Anglo Irish Bank’s lower-grade debt, rattling investors as Dublin tots up the final cost of rescuing a lender whose soured loans have crippled the country’s economy. (28/09/2010 13:06:52) Continue reading
Credit card debt cuts may be write-offs
The substantial drop in credit card debt in the United Statessince early 2009 has been widely attributed to newly frugalconsumers. But analysts say that a significant portion of thedecline is actually the result of financial institutions’ writingoff billions of dollars in credit card debt as losses. Continue reading
Debating the decline in credit card debt
Americans’ frugality only part of picture in shrinking debt Continue reading
Looking Behind the Decline in Credit Card Debt
Billions in charges written off by banks could have more to do with the drop than the frugality of struggling consumers. Continue reading
SEC Denies China’s Dagong Global Credit U.S. Official Debt-Rating Status
The Securities and Exchange Commission denied the application of Dagong Global Credit Rating Co. , one of China’s five official ratings companies, to become a Nationally Recognized Statistical Rating Organization in the U.S. Continue reading
Consumers Eliminate Credit Card Debt Despite Harsh Economy
Americans Find Debt Relief Programs to Eliminate Credit Debt Amidst Growing Consumer Debt; Total Debt Relief Tells Where They Found It Continue reading
Kiwis spurn credit cards to repay debt
New Zealanders are continuing to turn their backs on credit in an effort to pay off their debts, credit bureau Veda Advantage said. “Consumer appetite for credit is down, people are moving to consolidate debt and mainstream banks are, in part, stepping into the void left by the finance companies via personal loans,” managing director John Roberts said Continue reading
Credit Union Regulator in U.S. Seeks Bids on $800 Million in Property Debt
The federal agency that regulates credit unions and insures more than 90 million U.S. accounts sought bids on about $800 million in bonds backed by commercial mortgage debt, according to a spokesman for the group. Continue reading
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