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McDonnell urges debt compromise to preserve Virginia’s credit rating

admin — Thu, 21 Jul 2011 04:00:00 +0000

Agitated that inaction on raising the nation's debt limit jeopardizes the state's sterling credit rating, Gov. Bob McDonnell urged a compromise on Wednesday and penned a pointed plea to President Barack Obama for "prompt bipartisan action." Continue reading →

Debt Ceiling Impasse Imperils States’ Credit Ratings

admin — Wed, 20 Jul 2011 12:42:02 +0000

Moody's Investors Services placed five states on review for possible downgrade if the United States fails to resolve its debt ceiling impasse and has its own stellar credit rating downgraded. ... Continue reading →

Moody’s dings debt ceiling Plan B

admin — Mon, 18 Jul 2011 13:35:14 +0000

Credit rating agency Moody's dinged a key backup plan to raise the debt ceiling Monday, and said the United States would be better off if the ceiling was eliminated entirely. Continue reading →

Credit card debt hits record high: RBA

admin — Mon, 18 Jul 2011 00:31:31 +0000

Credit card debt has hit a new record of $49.41 billion in May, with three-quarters of credit cards now accruing interest. Continue reading →

U.S.: Raising debt ceiling not enough to save U.S. credit rating

admin — Fri, 15 Jul 2011 18:27:23 +0000

If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right? Continue reading →

Raising debt ceiling isn’t enough

admin — Fri, 15 Jul 2011 15:20:07 +0000

If only lawmakers would raise the debt ceiling before Aug. Continue reading →

Consumer Credit Card Debt Falls 10 Percent From January, 17 Percent From June 2010

admin — Wed, 13 Jul 2011 12:00:00 +0000

SAN FRANCISCO, CA–(Marketwire – 07/13/11) – CreditKarma.com, the consumer’s credit advocate, today released its mid-year U.S. Credit Score Climate Report. Nationally, consumer credit card debt decreased 10 percent during the first half of the year and 17 percent from a year ago, falling to $6,472. Consumers in 12 states decreased credit card debt greater than the national average, including …

A New Horizon Credit Counseling A Nonprofit Debt Management Firm Pays Clients to Get Out of Debt

admin — Wed, 13 Jul 2011 08:02:36 +0000

Spurred by concerns over the slowed economic recovery,A New Horizon Credit Counseling a nonprofit organization gives new clients $100 to get started.Fort Lauderdale, Florida (PRWEB) July 13, 2011 With June unemployment numbers ticking up to 9.2% and the nation’s economic recovery slowing to a crawl, the nonprofit debt management firm A New Horizon Credit Counseling is taking unprecedented steps ... Continue reading →

France’s BNP, Credit Agricole on ‘Frontline’ With Italian Risk

admin — Wed, 13 Jul 2011 00:19:43 +0000

French banks including BNP Paribas SA and Credit Agricole SA have the most at risk from the euro- region’s debt crisis infecting Europe’s largest borrower: Italy. Continue reading →

Brazil credit card debt is sky-high

admin — Tue, 12 Jul 2011 05:16:59 +0000

SAO PAULO -- Silas Xavier pulls credit card bills from a pocket on the door of the taxi he drives, more from the glove box and still more from a pouch behind his seat, waving them as his voice rises in frustration and desperation.Like many of the 40 ... Continue reading →