Credit Card Relief

Credit Suisse hit by sovereign debt fear

Credit Suisse has reported a 1 per cent rise in second quarter net income to around $1.7 billion.

Credit Suisse reports ‘resilient’ earnings

Swiss bank Credit Suisse said on Thursday its second-quarter net profit was 1.6 billion francs (1.19 billion euros, 1.52 billion dollars) despite market volatility over Europe’s sovereign debt crisis.

Beyond Credit Card Debt

Beyond Credit Card Debt

Credit Suisse May Report Drop in Earnings on Debt Trading Slump

Credit Suisse Group AG , Switzerlands second-largest bank, may report lower second-quarter earnings tomorrow, after Europes sovereign-debt crisis made clients more reluctant to trade.

Ireland’s debt rating downgraded by Moody’s

IRELANDS SOVEREIGN debt was downgraded yesterday by credit rating agency Moodys. It lowered the rating on Irish government bonds to Aa2 from Aa1 and altered its outlook from negative to stable.

Buy Riskier Classes of Credit-Card Debt as Defaults Fall, Wells Fargo Says

Investors should buy subordinate bonds backed by credit-card payments as defaults fall and delinquencies slow, according to Wells Fargo Securities.

Debt in Collections: Do you Settle or Pay in Full?

Once your debt goes into collections, you can choose to pay the full amount or negotiate a lower amount. Which choice looks better on your credit report?

Moody’s cuts Irish credit rating over debt woes

The Moody’s agency cut Ireland’s credit rating Monday, citing the country’s swelling national debt, the unpredictable cost of its bank-bailout plans and its weak growth prospects for the next three to five years.

Credit Drives Income Inequality Drives Credit

Credit allows less affluent people to feel richer, but actually makes them poorer. United States – Economic inequality – Poverty – Raghuram Rajan – American Dream

As consumers slash debt, credit cards boost incentives

CHICAGO (MCT) Only 18 months ago, Wade Thomas had credit card debt of $16,480 on his 20 credit, retail and gas cards. But when the Austin, Texas, travel planner lost his job in July 2009 at a company for which he had worked for 11 years, he decided to use some of his severance package to reduce his debt. Today, Thomas’ combined credit card balance stands at $2,550. read more

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