Consumer Credit Services

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.

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.

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 …

Banks Sell Debt After Stress Tests Buoy Bond Demand

Credit Suisse Group AG and Spains Banco Bilbao Vizcaya Argentaria SA are tapping demand for financial debt after the door for new issuance in Europe was opened by the results of the stress tests.

Use Balance Transfers to Reduce Credit Card Debt, Says SmartBalanceTransfers.com

NORWALK, CT–(Marketwire – 07/27/10) – SmartBalanceTransfers.com, a website that allows visitors to find the best credit card balance transfer offers, has good news for consumers struggling with credit card debt: you can now take advantage of 0 APR balance transfer offers to reduce overwhelming balances. “If you want to reduce credit card debt without paying a fortune in interest, a 0% balance …

Hungary’s Borrowing Costs May Rise at First Debt Sale After Credit Review

Hungarys borrowing costs may rise in the first government debt auction after the countrys credit ratings were put on review, on concern the central bank may raise interest rates to support the forint.

Debt adviser: Credit counselor can get you on track to the black

Dear Debt Adviser: I accumulated debt in my earlier years without thinking of the consequences. I’m 31 now and I’ve noticed that you can’t get far in life with debts and no credit. I’m about $10,000 in debt altogether.

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