http://debtconsol.blogsome.com Just another WordPress weblog Thu, 18 Jun 2009 01:56:16 +0000 http://backend.userland.com/rss092 en US President Barack Obama has proposed the most ’sweeping’ regulatory overhaul since the 1930s, vowing to stop future meltdowns in a financial system humbled by lax oversight, greed and huge debts. The reforms, which must be approved by Congress, will inject the government deeper into financial markets and industries in a ... http://debtconsol.blogsome.com/2009/06/18/us-unveils-biggest-regulatory-overhaul/ When facing serious debt problems, consumers are often advised to seek credit counseling immediately.  But did you know that turning to the wrong counselor for help can cause more trouble and frustration?  Why should you be cautious when choosing a credit counseling agency? How Credit Counseling Works First, ... http://debtconsol.blogsome.com/2009/06/16/the-dark-side-of-credit-counseling/ WASHINGTON, June 10 — JPMorgan, Goldman Sachs and eight other top US banks won clearance yesterday to repay US$68 billion (RM238 billion) in taxpayer money given to them during the credit crisis, a step that may help them escape government curbs on executive pay. Many banks had chafed at restrictions on ... http://debtconsol.blogsome.com/2009/06/11/10-big-us-banks-to-repay-bailout-funds/ Being stuck in huge debts can be frustrating and stressful and many people are left with only their jobs and homes to hold on to.  If you’re in a similar situation, don’t lose hope.  Instead, let this financial challenge put your money-management skills to the ... http://debtconsol.blogsome.com/2009/06/09/how-debt-consolidation-can-help-you/ An offer by the Missouri Theatre Center for the Arts to settle outstanding debts from its $10 million restoration project for less than the amount owed has some contractors seeing red ink. “I have to eat $6,000,” Brad Schmitz, owner of A to Z Theatrical, said this morning. Schmitz was offered ... http://debtconsol.blogsome.com/2009/06/02/missouri-theatre-attempts-to-settle-lingering-debts/ Car loans, home loans and debt consolidation loans are examples of secured debts.  Secured debts are guaranteed by submitting the borrower’s home property or any form of valuable asset to his lender.  This gives the lender the confidence that in case the loan isn’t completely paid, ... http://debtconsol.blogsome.com/2009/05/28/how-to-deal-with-secured-debts/ This year, the government is borrowing 50 cents of every dollar it spends. If that were just a blip caused by a historic financial crisis that necessitated a $787 billion fiscal stimulus and a $700 billion bank rescue in the space of about three months, there would be little cause ... http://debtconsol.blogsome.com/2009/05/26/government-debt-swells-as-choices-get-harder/ When debt problems become out-of-control and too difficult to handle, seeking help from a credit counseling agency or debt negotiation service may be your best option.  If you’re having a hard time controlling your spending habits or managing your money, don’t be afraid to seek help.  ... http://debtconsol.blogsome.com/2009/05/21/how-to-find-the-best-debt-negotiation-company/ Lewis Group Ltd., a South African furniture and electrical-goods retailer, posted an 18 percent drop in second-half profit as more customers defaulted on payments and the company increased provisions for bad debts. Net income fell to 293.7 million rand ($33.8 million) in the six months through March 31 from 357.1 million ... http://debtconsol.blogsome.com/2009/05/19/lewis-posts-18-drop-in-second-half-profit-as-bad-debts-rise/ Are you stuck in bad debt and is eager for a solution?  Being in debt doesn’t need to be a helpless situation.  Let’s take a look at some of the best ways you can consider to be set free from debt. 1.  Pay more than your credit card’s ... http://debtconsol.blogsome.com/2009/05/14/getting-out-of-debt-in-more-ways-than-one-2/