31 March 2008
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30 March 2008
Posted by James Breen at 3/30/2008 11:36:00 AM
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Like credit counselors, debt-settlement firms generally collect a single monthly payment from clients. But rather than disbursing the money to credit-card companies to cover the borrowers' bills, they withhold it. The settlement firms then use the money as a bargaining chip in an attempt to negotiate a lump-sum payout with lenders. The booming business has caught the attention of prosecutors and regulators, who say such programs can leave consumers in worse financial shape. When banks ..read more.
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29 March 2008
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The Fed cut the discount rate by three quarters of a percent, its largest one-day cut ever, and yet the stock markets are still nervous about the potential for a recession in the US that could affect the entire world, as demand for products drops back. In spite of the Fed cut and the tentative agreement for a $150 billion stimulus package (essentially a tax cut for the middle class and for businesses), Asian markets reacted Monday to continuing worries about the buoyancy of the US economy .. read the rest part.
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28 March 2008
Posted by James Breen at 3/28/2008 5:31:00 PM
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28 March 2008
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What happens then if you have too many debts that you can barely manage Well, a debt consolidation loan may solve this problem. Consolidating your debt means that you will take on a larger debt in order to pay off all your existing ones. The larger debt will replace all your high interest loans such as personal or credit card debts, and you end up paying only for one single bill every month.
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