As 2014 quickly approaches, it’s time to set your New Year’s resolution. Despite changes for the better or worse in 2013, millions of people are still struggling with debt issues. Why not make at least one of your goals for the New Year to be stress-free of financial issues and begin working on ways to […]
(Source: FICO) – The average debt held by consumers who are behind in their debt repayments rose 17 percent between 2007 and 2012, according to data released today by FICO, a leading predictive analytics and decision management software company. The mean total debt for consumers who were 60+ days delinquent on at least one account […]
(Source: Nikki Wiley The Brunswick News, Ga. (MCT) — The debt of a St. Simons Island development has been acquired by a newly formed company.
( Source: Caribbean News Now (MCT) — PROVIDENCIALES, Turks and Caicos Islands — Despite seemingly rosy figures from the first quarter’s financial report, there appears to be mounting concern that the government of the Turks and Caicos Islands (TCI) cannot handle the debt left by the former Progressive National Party (PNP) administration.
( Source: Jill Riepenhoff and Mike Wagner The Columbus Dispatch, Ohio (MCT) — Rogue debt collectors are chasing Americans for debts they paid long ago or never owed, and they are threatening consumers with ruined credit reputations if they don’t pay.
(SOURCE National Center for Policy Analysis) – Baby Boomers are not saving enough for retirement because they are spending too much on mortgage debt and carrying this and other debts into their near-retirement years, according to a new study from the National Center for Policy Analysis (NCPA).
(Source: Lewis W. Diuguid The Kansas City Star (MCT) — Lots of baby boomers face a bleak economic future as more approach retirement, and that won’t help President Barack Obama’s re-election chances.
(Source: David Hurst The Tribune-Democrat, Johnstown, Pa. (MCT) — The township is broke. And it could shut down its regional police force as soon as Saturday if Windber or bank loans don’t come to the rescue.
(Source: By Rusty Garrett Times Record, Fort Smith, Ark.) Mark Foster, education director for CCOA, a nonprofit consumer credit management firm, said the simplest way to deal with debt is not to accrue it in the first place. In talking to students about personal-finance issues, Foster said he recommends young consumers avoid signing up for […]
(Source: Rob Varnon Connecticut Post, Bridgeport (MCT) — Despite a national trend that saw Americans erase $53 billion in debt in the second quarter, Cepea Burton, a student with a part-time job in Bridgeport and Orhan Mustaffa, who works in finance, both say they have more debt than a year ago.
(Source: By Jim Puzzanghera, Los Angeles Times (MCT) WASHINGTON — Americans continue to do a better job paying off their debts, with a leading index of defaults on mortgages, credit cards and auto loans dropping in July for the seventh straight month.
(Source: Shauvik Ghosh Mint, New Delhi (MCT) — Norway’s Telenor ASA, which stood as a guarantor for loans taken by its Indian unit, settled all of Uninor’s debt after the local unit was served default notices by its lenders. The banks had earlier declined to extend the repayment period for the loans.
(Source: Andrew McCathie and Jean-Baptiste Piggin dpa, Hamburg, Germany (MCT) — The threat of a Greek exit from the eurozone returns centre stage this week amid a series of meetings by the region’s leaders, plus a warning Monday from a top European Central Bank official of the economic upheaval if Athens left the euro.
(Source: Sarah Stultz Albert Lea Tribune, Minn. (MCT) — The Knights Inn of Albert Lea has been removed from a tax forfeiture sale today after its owners paid off more than $220,000 in back property taxes and penalties late Wednesday afternoon.
Beijing (China Daily/ANN) (Source: Wei Tian Asia News Network (MCT) — China’s corporate debt ratios have reached “dangerous” levels, according to leading economists.
FLOYD (Source: Jeff Sturgeon The Roanoke Times, Va. (MCT) — Citizens Cablevision Inc., a subsidiary of Floyd County’s homegrown telecommunications firm, is delinquent in repaying an $8.1 million federal loan it obtained to reach more customers with more services.
(Source: Martha Ellen Watertown Daily Times, N.Y. (MCT) — Mayor Christopher A. Miller maintains that financial troubles and emotional baggage from a broken relationship will not prevent him from fulfilling his duties.
(Source: By Marc Benjamin, The Fresno Bee, Calif. (MCT) – A new financing plan for the Chukchansi Gold Resort and Casino will push the payback on loans taken out by the Picayune Rancheria of the Chukchansi Indians to 2020.
(Source: Wang Xiaotian Asia News Network (MCT) — China’s outstanding external debt in 2011 totalled more than US$751 billion by the end of March, the highest since 1985, according to data released by the State Administration of Foreign Exchange (SAFE) yesterday.
(Source: Cathy Jett The Free Lance-Star, Fredericksburg, Va. (MCT) — Credit cards have come a long way since the 1900s, when gas stations and department stores issued the first ones.