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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.”

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Debt limit debate likely to stretch to July
The United States is on track to exhaust its $14.3 trillion credit limit on May 16 but it could be July before President Barack Obama ...
White House, GOP battle over debt as credit agency warns against continued impasse
WASHINGTON — Facing a dire warning from a credit rating agency, the Obama administration lobbied some of Congress’ most conservative members Thursday for an increase ...
Moody’s Threatens America’s AAA Credit Rating, Blames Debt Deadlock
Ratings agency Moody's Investors Service put Uncle Sam's credit rating on downgrade watch Wednesday, given the lack of progress in the negotiations to extend the ...
Obama warns of worse crisis if no debt ceiling rise
President Barack Obama warned Congress that failing to raise the debt limit could lead to a worse financial crisis and economic recession than 2008-09 if ...
Moody’s: U.S. credit rating at risk in debt ceiling fight
Moody’s: U.S. credit rating at risk in debt ceiling fight Combined news services Published Jun 2, 2011 04:48PM MDT Washington • Moody’s Investors Service is ...

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. …

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Raising debt ceiling isn’t enough
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?
Moody’s dings debt ceiling Plan B
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 ...
U.S. Debt Rating Under Threat: Moody’s
NEW YORK (TheStreet) -- The United States may have much less to celebrate this Independence Day. Credit rating agency Moody's Investor Services said Thursday that ...
U.S.: Raising debt ceiling not enough to save U.S. credit rating
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right? Yes, but ...
U.S. credit: Raising debt ceiling isn’t enough
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?

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.

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Raising debt ceiling isn’t enough
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?
U.S.: Raising debt ceiling not enough to save U.S. credit rating
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right? Yes, but ...
U.S. credit: Raising debt ceiling isn’t enough
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?
Debt ceiling debate a dangerous high-wire act
With Congress back this week from a spring recess, the battle resumes over whether to raise the United States' $14.3 trillion debt ceiling.
Credit rating: Raising debt ceiling isn’t enough
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?

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.

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U.K. Credit-Card Debt Write-Offs Reach Record $3.2 Billion, Times Reports
U.K. banks and building societies wrote off a record 2.1 billion pounds ($3.2 billion) of credit- card debt in the second quarter, 70 percent more ...
Credit Solutions Crosses $1 Billion Mark For Total Consumer Debt Settled, Setting A New Settlement Industry Record (Business Wire via Yahoo! Finance)
DALLAS----Credit Solutions today set a new industry record by settling $1 billion in unsecured consumer debt since its founding in 2003.
Default Swaps Climb to Six-Month High Amid Record-Debt Sales: Japan Credit
Costs to protect against a default by Japan reached a six-month high as the nation sells longer- dated debt today and a record 144.9 trillion ...
US consumers cut credit by record US$21.6b in July (Business Times (Malaysia))
WASHINGTON: A record US$21.6 billion (US$1 = RM50) drop in borrowing by Americans added to evidence that consumer spending will be slow to recover as ...
Junk Debt ‘Best Bet’ as Issuance Beats Record: Credit Markets
Global high-yield bond sales surpassed last year’s record issuance in 2010 as the riskiest companies take advantage of plunging borrowing costs and investor demand to ...

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? Yes, but not necessarily for long.

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

Raising debt ceiling isn’t enough
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right?
Moody’s dings debt ceiling Plan B
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 ...
Debt Ceiling Impasse Imperils States’ Credit Ratings
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 ...

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. 2, the United States will get to keep its top-notch credit rating. Right?

Posts Related to Raising debt ceiling isn't enough

U.S.: Raising debt ceiling not enough to save U.S. credit rating
If only lawmakers would raise the debt ceiling before Aug. 2, the United States will get to keep its top-notch credit rating. Right? Yes, but ...
Moody’s dings debt ceiling Plan B
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 ...
Debt ceiling debate a dangerous high-wire act
With Congress back this week from a spring recess, the battle resumes over whether to raise the United States' $14.3 trillion debt ceiling.
Debt Ceiling Impasse Imperils States’ Credit Ratings
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 ...
Lawmakers Dig In Over Debt-Ceiling Demands After Credit Warning
Lawmakers dug in their heels on the terms for a debt-ceiling deal Friday, following a warning from a top rating agency that it might downgrade ...

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 …

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Consumers Lower Credit Card Debt Eight Percent in 2010
SAN FRANCISCO, CA--(Marketwire - 01/12/11) - CreditKarma.com, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for December 2010. ...
Consumer Credit Card Debt Up Nearly 14 Percent Since July 2009
SAN FRANCISCO, CA--(Marketwire - 08/11/10) - CreditKarma.com, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for July 2010. ...
Consumers Remain Focused on Reducing Credit Card Debt, According to CreditKarma.com
SAN FRANCISCO, CA--(Marketwire - 11/10/10) - CreditKarma.com, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for October 2010. ...
Consumer Mortgage Debt Drops Two Percent Since May 2010, According to CreditKarma.com
SAN FRANCISCO, CA--(Marketwire - 06/09/11) - CreditKarma.com, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for May 2011. ...
Despite Debt Decreases, Credit Scores Still Falling, According to CreditKarma.com
SAN FRANCISCO, CA--(Marketwire - 03/10/11) - CreditKarma.com, the consumer's credit advocate, today released its U.S. Credit Score Climate Report with trend data for February 2011. ...

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 …

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Credit Card Interest Rates Increase — Can Debt Consolidation Save You? Ask A New Horizon Credit Counseling, Inc. (Marketwire)
FORT LAUDERDALE, FL--(Marketwire - March 3, 2010) - A New Horizon may be the solution and help with Debt Management , Budget Management and Credit ...
Financial Literacy Month and Credit Card Debt Consolidation — A New Horizon Credit Counseling Weighs in
FORT LAUDERDALE, FL--(Marketwire - March 31, 2010) - A New Horizon is a well established Credit Counseling company with over 15 years' experience as a ...
Tips for Obtaining the Very best Debt Management & Credit counseling applications
The main problem faced by most of the American citizens today is the personal and consumer debt. The debt management and credit counseling programs are ...
How Credit Card Debt Can Affect Your Marriage — A New Horizon Credit Counseling Thinks Debt Consolidation May Help …
A New Horizon Credit Counseling sees that marriage in these difficult economic times can be stressful enough, but when both spouses have credit card debt, ...
Tips for Finding the Best Debt Management & Credit counseling programs
Article by William Hauselberg The main problem faced by most of the American citizens today is the personal and consumer debt. The debt management and ...

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.

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Credit Agricole, SocGen Face Greek Risks as Debt Crisis Deepens
April 29 (Bloomberg) -- Credit Agricole SA and Societe Generale SA may be among European banks with the most at risk from the Greek crisis ...
S&P cuts Credit Agricole ratings on Greek debt
SAN FRANCSICO (MarketWatch) -- Standard & Poor's lowered its rating on Credit Agricole SA because of the French bank's wide exposure to Greece sovereign debt. ...
Credit Agricole to Repay $4.5 Billion Bailout (New York Times)
Crédit Agricole, the French bank, said Wednesday that it would repay the €3 billion of debt the government bought last December, becoming the latest big ...
Credit Suisse, UBS May Provide Refuge From Europes Debt Storm
May 28 (Bloomberg) -- Investment banks, shunned by investors during the last credit crisis, may be best placed among Europes financial firms to weather the ...

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 …

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Debt on credit cards is towering in Brazil
SAO PAULO - Silas Xavier pulls credit card bills from a pocket on the door of the taxi he drives, more from the glove box ...
Credit card debt could stifle Brazil’s boom
SAO PAULO — Silas Xavier pulls credit card bills from a pocket on the door of the taxi he drives, more from the glove box ...
Brazil: Credit-card debt may threaten boom
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 ...
No Credit Bubble In Brazil, Just Dangerous Consumer Debt Burden
Fear of a credit bubble in Brazil are unfounded, as sky-high lending rates along with an extremely low level of lending against collateral safeguard against ...