Category Archives: Debt

Preparing for the New Year – Get Your Debt Under Control in 2014

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 […]

Delinquent Consumer Debt Has Increased 17% Since 2007

(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 […]

Debt Concerns Escalate in Turks and Caicos

( 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.

Debt Deception

( 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.

NCPA Reports That Baby Boomers Will Retire With Too Much Debt

(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).

Younger Consumers Encounter Debt Problems

(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 […]

Greece Back in the Spotlight as ECB Mulls Moves to End Debt Crisis

(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.