Current News Articles-
Free-spending, debt-laden: Credit woes can have roots in emotional needs -Sat, 31 Jul 2010
Personal-finance experts estimate that at least 10 percent of debt woes are a direct result of overspending pure lack of discipline. Overspending and accumulating debt may be manifestations of deep, unresolved emotional issues and unmet needs. Shopping becomes like a drug, just as work is for workaholics, and provides a temporary escape from worry and anxiety.
Debt-settlement firms face new rules -Fri, 30 Jul 2010
WASHINGTON, July 30 (UPI) -- The U.S. Federal Trade Commission said companies helping consumers dig out of debt would be barred in the future from accepting payment in advance. Federal Trade Commission - Debt settlement - Business - Federal government of the United States - Financial Services
British plant closes to help lower debt -Fri, 30 Jul 2010
Silver Fern Farms has closed a British frozen meat processing facility as part of consolidation that will see SFF debt reduce significantly to $100 million by September 31.
FTC rules take aim at debt-relief industry -Thu, 29 Jul 2010
The Federal Trade Commission issued stringent new rules cracking down on the burgeoning debt-relief industry on Thursday, saying it too often charges consumers hefty upfront fees but fails to reduce the amount of money they owe creditors. Business - Debt settlement - Financial Services - Federal Trade Commission - Financial Planning
High schools want $180M for upgrades -Sat, 31 Jul 2010
A $180 million bond measure could pay off $74 million in debt, allow for upgrades at school sites and fund a new continuation school if the San Mateo Union High School District can hammer out the details before the November ballot deadline next week.
The Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card Debt -Wed, 28 Jul 2010
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 ...
The EU's economic governance: Rewriting the rulebook -Fri, 30 Jul 2010
The Greek sovereign debt crisis is forcing Europeans to rethink the coordination of their national economic policies, confronting the euro area with its most severe test since its launch eleven years ago.
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