News Archives

The Safe Debt Management Option
In September the Federal Reserve Bank reported that at $2.4 trillion, consumer debt had hit an all time high even before they included mortgage loans.
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Dealing with Holiday Debt
Once the holiday are over many are left with holiday debt to manage. In order to pay off your holiday debt you need to have a plan in order.
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Personal Insolvencies Touch New High In UK
The first quarter of 2007 is likely to see a spurt in case of personal insolvency in UK. Experts say that the number of people likely to be overwhelmed by their debt is likely to increase this year.
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Christmas Holiday debt
Every year personal debts soar during the last month of the year. Christmas, apparently, is a time for spending.
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Report presented on Debt Management services
Debt management service is becoming an important concept. One needs to bear in mind the fact that this is becoming a new industry in itself.
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Celebrity Chef Paul Rankins restaurant is reported to be disposed due to severed
Debt management forms an important part of finance. Debt management is essential for lot of aspects. Without proper debt management entire finances could be collapsed.
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Successful Debt Management
Nowadays many consumers all over the nation are up to their knees (or further) in debt? Are you one of many people struggling to meet their monthly debt payments?
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Debt Management services in demand
Debt management services are in great demand in the market today. The reasons are many. Debt is one of the most important concepts in the present world.
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Nigeria clears 5 Million Dollar debts to London Club of Creditors
The Director-General of Debt Management Office (DMO), Mansur Muktar revealed in an official statement at London that Nigerian government has gone a long way by repaying a sum of 5 billion dollars to London club of Creditors.
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Financial Author Points to Growing Debt Crisis in U.S.
According to personal finance writer Elizabeth Razzi, financial experts point to an ominous trend of rising debt in the United States with much of the blame falling on an overabundance of credit cards.
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At First Anniversary Bankruptcy Reform Remains Controversial
A federal law making it more difficult for consumers to circumvent debt through bankruptcy proceedings took effect one year ago in the United States.
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Addictive Credit Card Use Generates High Debts
In his article "Climbing Out of Debt: Recovery Can Be as Tough as Breaking an Addiction," (Washington Post, October 14) Michael S. Rosenwald describes America as a nation of debtors with a collective household debt of $11.8 trillion.
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Retail Credit Cards Aren't Worth the Risk
One of the most enticing credit offers today is the deal that promises in exchange for opening a line of credit with a retail store the customer will receive an immediate and sizeable discount on their current purchase.
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Small Dollar Purchases
Increasingly credit card companies are making no-signature transactions of less than $25 available to customers to speed up the checkout process in places like pharmacies, movie theaters, fast-food restaurants, and convenience stores.
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Education Secretary Wants Easier Financial Aid
In a series of plans announced Tuesday by Education Secretary Margaret Spellings, a specific area of concern was simplifying the process of applying for financial aid and enhancing mechanisms to compare the price and value of one college or university over another.
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Debt Rising for Older Americans
Older American families where the head of the house is age 75 or older are facing a debt crisis that may imperil their ability to finance the remainder of their lives.
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Student Loan Debt is Not Good Debt
Contrary to the long-held assumption that student loans constitute "good debt" that will in time turn into an asset, the number of students who graduate with more than $25,000 in loan debt has tripled since the 1990s.
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Personal Debt in the UK 50% Higher Than in Western Europe
The UK leads the rest of Western Europe in consumer debt figures with the average citizen carrying approximately £3,175 of unsecured debt according to research conducted independently by the analysis firm Datamonitor.
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