|
|
PayLater.com - Latest Credit Card Debt News
Credit Crunch: Debt on the Rise in Eau Claire
Things to avoid, and steps to take to get out of credit card debt
Increase expected in credit card debt
Credit card borrowers are showing growing signs of financial strain owing to the economic slowdown, a prominent ratings agency warned on Wednesday. Moody’s , which monitors the performance of £28.5bn ($56.2bn) credit card loans that have been securitised into the capital markets, expects an increase in bad debts in the coming months because of the economic downturn.
Reform credit card industry
In many ways, the credit card industry is an American success story. Only 30 years ago, access to "plastic" was the prerogative of a prosperous minority; today about three-quarters of U.S. households have at least one credit card.
Melrose gets upgrade on fiscal report card: Speedy debt payment, replenished reserve accounts cited
Melrose received an upgrade on the city’s financial report card last week, a move that officials cited as evidence of effective management during an economic slow down. Standard & Poor’s raised the city’s long-term debt rating from A+ to AA-, moving the city into the rating agency’s second highest category. The agencies’ Web site, standardandpoors.com, says, “An obligation rated ‘AA’ differs ...
It's a common scenario in the debt
-collection world:you find yourself saddled with credit card debts or medical bills you can't get out from under. When a debt-collection agency comes calling, it will pull out all the scare tactics needed to put you on the defensive - and make you to pay up, no matter what your hardship.
|
|
|
