Credit Counseling

Moody’s downgrades Burlington’s credit rating (The Burlington Free Press)

Moody’s Investors Service has downgraded Burlington’s credit rating, presumably because of the city’s financial situation regarding beleaguered Burlington Telecom and related debt.

Obama can offer little in talks on Greek debt crisis (Brisbane Times)

Greece’s debt crisis may lead to slower US growth, a rising dollar and turmoil in credit markets that may make it more difficult for cash-strapped states such as California to borrow.

Credit Swap Ban to Spur Sovereign Debt ‘Bubble’, UniCredit Says (Bloomberg)

March 9 (Bloomberg) — Limits to trading of credit-default swaps on sovereign debt may help create a “government debt bubble,” according to UniCredit SpA.

Company Debt Risk Falls to 7-Week Low on Greece: Credit Markets (Bloomberg)

March 8 (Bloomberg) — The cost to protect against corporate defaults fell to the lowest in seven weeks as optimism builds that Greece’s budget crisis will be contained and Dubai moves closer to restructuring its debt.

Credit Card Debt Relief Self-Help Tips Offered by Total Debt Relief (Marketwire via Yahoo! Finance)

DENVER, CO–(Marketwire – 03/08/10) – Consumers these days are taking a more pro-active stance when dealing with credit card debt. No longer content to let the chips fall where they may, many have discovered that there are a great many strategies that can be implemented either on their own or with the aid of professional financial help. One of the most obvious, yet overlooked credit card debt …

Singletary: Credit card law can help reduce debt (Poughkeepsie Journal)

“Credit card debt, does it ever end?”

Consumer credit card balances fall for 16th straight month (Fox News)

Americans increased their overall consumer debt in January for the first time in a year, even as continuing to trim their credit card balances.

More people skipping mortgage to pay credit cards (Market Watch)

U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit-card bills.

Republic Services, HCA Sell Debt as Greek Credit Crisis Eases (Bloomberg)

March 5 (Bloomberg) — Republic Services Inc., North America’s second-largest trash hauler, and Nashville, Tennessee- based HCA Inc. sold debt this week as an oversubscribed Greek bond sale showed growing confidence the country would control its budget deficit.

New credit rules help prevent debt crisis after college (Gateway)

Graduating college seniors are leaving school with more than just a degree these days. In 2009, the average credit debt a student had when leaving school was $3,173, with an average student having 4.6 credit cards, according to the college-financing business Sallie Mae.

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