The Fitch rating agency on Tuesday downgraded Greece's long-term debt ratings as well as those on four of the country's largest banks, describing prospects for Greek public finances as negative. Tuesday's action was a fresh blow to Greece, saddled with high public deficits and debt, as it came a day after another agency, Standard and Poor's, placed Greek debt under "negative" watch and warned of a downgrading if the government did not rein in its overspending. The moves by the agencies... Read Full Story
On December 4, 2009 the Federal Trade Commission held a roundtable discussion, actually it was more of a big U) about protecting the consumer in debt collection litigation and arbitration. As they said, “These events examine consumer protection issues in debt collection proceedings against consumers.”
If you are the least bit sleepy I don’t recommend that you try to wade through all the content of the entire conference so I’ll give you the most interesting stuff as I wade through it... Read Full Story
Once you are knee in or have immersed deeper getting out of debt can be very difficult. However, it is not as impossible as you might think. You don’t need to take out loans from loan sharks or sell a kidney to work your way out of debt. On the other hand, credit repair help is easy as well as simple. If you buckle down and get to work now, you can make your financial future look all the more brighter. Free credit repair tips are truly easy to follow if folks take the time to really dive... Read Full Story
Submitted by wulan on Tue, 12/08/2009 - 02:17
Business & Economics
The lender-borrower relationship has long been studied in prior studies. There are two sides of credit borrowing in the lender-borrower relationship, the demand side and the supply side. One would expect that factors from both sides have effects on the lender-borrower relationship. An important strand of research focuses on borrower effects on this relationship and on the setting of loan contract terms. Taking the... Read Full Story
The IMF has approved a 92.5-million-dollar bailout package to help the Maldives weather the global financial crisis, the international lender announced Saturday. The Indian Ocean nation's economy has been hard hit by a fall in tourism, lower fish exports and a drop in capital inflows, the International Monetary Fund (IMF) said in statement released in the Sri Lankan capital Colombo. "The programme aims to rebuild international reserves to prudent levels," IMF deputy managing director... Read Full Story
The IMF has approved a 92.5-million-dollar bailout package to help the Maldives weather the global financial crisis, the international lender announced Saturday. The Indian Ocean nation's economy has been hard hit by a fall in tourism, lower fish exports and a drop in capital inflows, the International Monetary Fund (IMF) said in statement released in the Sri Lankan capital Colombo. "The programme aims to rebuild international reserves to prudent levels," IMF deputy managing director... Read Full Story
The Federal Reserve has expanded the field of credit rating agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending. The Fed on Friday announced it had adopted a rule allowing rating agencies that have registered with the Securities and Exchange Commission and that have experience with the securities being rated to participate in the Term Asset-Backed Securities Loan Facility. The move is intended to... Read Full Story
It’s much easier to get yourself a credit card nowadays – and it’s much easier to find yourself in big trouble with debt. Most people carry a range of credit cards at any one time and prefer to use their plastic money rather than cash. These days, most of the people carry 3 – 4 credit cards at a time and prefer to use the plastic money rather than cash. They use their credit card, without thinking about the burden of debt they will be suffering from. Credit card debt management is a special... Read Full Story
What recourse do I have if a retail store does not accept a FEDERAL Passport as sufficient i.d to use a credit card? Specifically STAPLES and Walgreens have both told me they “don’t recognize” what a passport is. My father is both a lawyer and a Business Professor and says you cannot discriminate the use of a passport as id. But the slackjaws reject my identification because they are “not sure what a passport is.” Isn’t there legal ground for a consumer that simply does not have a drivers... Read Full Story
A Keefe, Bruyette & Woods analyst upgraded bond insurer Assured Guaranty Ltd. on Wednesday, saying the public offering of 23.9 million shares announced late Monday will help shore up its capital base and protect its investment-grade rating. Analyst Nathaniel Otis raised his rating to "Outperform" from "Market Perform," despite his ongoing concern over possible further deterioration in residential mortgage-backed securities. Moody's Investors Service in November cut its insurance financial... Read Full Story
