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  • Debt levels leave low paid at risk of homelessness


    The Guardian - guardian.co.ukAuthority Authority: 982
    A quarter of low-pay households are spending more than a quarter of their income servicing debts, according to the Resolution Foundation thinktank Britains 14.3 million low earners are in danger of being sucked into a whirlpool of poverty as official figures are expected to show today that the number of unemployed ...
    2 hours ago
  • Major League Reckoning


    The Daily ReckoningAuthority Authority: 645
    Now there’s a real decoupling. Friday’s unemployment figures came out in America. They showed that 8.2 million Americans have lost their job since the GFC began in 2007. The official unemployment rate (the one that under-measures actual unemployment) is at 10.2% and growing. Stocks rallied on this news. ...
    6 hours ago
  • Pound tumbles after Fitch issues triple-A rating warning


    The Guardian - guardian.co.ukAuthority Authority: 982
    Ratings agencys reminder of longer-term issues facing the UK destabilises foreign exchange markets The pound fell sharply today after ratings agency Fitch warned that Britain was "potentially most at risk" of losing its triple-A sovereign debt rating. Britains ballooning budget deficit has caused similar warnings ...
    13 hours ago
  • An Endless Wardrobe…Every Woman’s Dream.


    t5m: Love Personality, Love t5mAuthority Authority: 150
    In fashion, money does not equal style. In fact a great many of the most stylish icons of all time originated from by no means well-off descent, Chanel, Audrey Hepburn and Twiggy, to name a few. Day after day photographs of celebrities adorned in designer dresses captivate the world. Females everywhere pour over ...
    1 day ago
  • Don’t believe the hype about lending ebooks on the Barnes & Noble nook


    KindleramaAuthority Authority: 103
    If you’ve read reviews about the nook, the new Kindle competitor from Barnes & Noble, you may have heard that you can lend ebooks to friends. But don’t get suckered in by this claim. Barnes & Noble is conveniently leaving out some crucial information about how the process works, and it turns out the ...
    1 day ago
  • IBM Seeks to Cut Borrowing Costs With Exchange Offer (Update3) (Bloomberg)


    REFINANCE-BLOG.INFOAuthority Authority: 157
    Nov. 6 (Bloomberg) — International Business Machines Corp
    2 days ago
  • Debt management firms face scrutiny


    The Guardian - guardian.co.ukAuthority Authority: 982
    The OFT has launched a review aimed at cracking down on practices that are hurting consumers Debt management firms online adverts, cold calls and customer complaint procedures are to be scrutinised by the Office of Fair Trading in a bid to protect consumers from being misled. About 150 companies now offer advice to ...
    3 days ago
  • Financial debts and the relationship between investment returns and investment portfolio risk


    Credit Repair FactsAuthority Authority: 138
    As you are making family financial choices and retirement planning decisions, individuals should ponder the fact that, before, more conservative portfolio investments have resulted in much less ROI than riskier investments have produced. With investment returns adjusted for risk, an individual just cannot have it ...
    3 days ago
  • NeighborGoods: Your New Virtual Tool Shed


    INHABITATAuthority Authority: 745
    Practically every household in America has its own tool set, drill, and ladder… but why? Most people don’t use these things on a daily basis, and due to their hardworking heritage these items tend to last forever; when’s the last time you wore out a hammer? Enter NeighborGoods , a service that seeks to cut down ...
    4 days ago
  • Consumer borrowing drops $14.8B in September


    The Washington PostAuthority Authority: 965
    WASHINGTON -- Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.
    4 days ago
  • Bankruptcies and insolvencies


    News: Datablog | guardian.co.ukAuthority Authority: 127
    How much have the insolvency figures gone up by? The full data The recession is hitting home, according to the latest figures from the Insolvency Service : The number of people in England and Wales becoming insolvent rose to a record 35,242 in the third quarter of this year, figures from the Insolvency Service ...
    4 days ago
  • Insolvencies hit record high


    The Guardian - guardian.co.ukAuthority Authority: 982
    The number of insolvencies has increased by 28.2% over the past year as unemployment and credit problems bite, Insolvency Service figures show The number of people in England and Wales becoming insolvent rose to a record 35,242 in the third quarter of this year, figures from the Insolvency Service showed today, and ...
    4 days ago
  • Insolvency figures expected to rise


    The Guardian - guardian.co.ukAuthority Authority: 982
    Number of lower income families taking out debt relief orders is expected to fuel a rise in the number of personal insolvencies Latest: Insolvencies hit record high The number of low income households declaring themselves bankrupt is expected to push the number of personal insolvencies to more than 30,000 again, ...
    4 days ago
  • Staying Out of Debt is Easier Than You Think


    Your Essential Tax Related Information GuideAuthority Authority: 130
    It’s only human nature to get into debt because of all the temptations out there but I’m sure you agree that you probably want to be debt free sooner rather than later. The good news is that it’s easier than you think. If you tear up your credit cards, you don’t have any to use and accumulate more debt. ...
    5 days ago
  • Recession tales: Saving vs. spending a tough battle


    WalletPop BlogAuthority Authority: 719
    Filed under: Borrowing , Credit , Debt , Saving Money , Recession , Credit cards Theres no doubt that the current downturn has changed peoples spending habits. Since the peak in housing wealth, homeowners lost more than $5 trillion in equity and 15 million homeowners own homes that are now underwater ...
    5 days ago
  • A Bad Credit Payday Loan To Avert Disaster


    Low Interest Rate LoansAuthority Authority: 141
    When you are strapped and looking for some relief a bad credit payday loan may very well be the answer that you need. Online lenders can make getting a bad credit payday loan easier than ever. This can help you put the money you need to pay off an urgent bill or even just put food on the table in your pocket quickly ...
    5 days ago
  • Fed sees rates near zero for "extended period" (Reuters)


    BloggerAuthority Authority: 165
    Reuters – The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for “an extended period.” Go here to see the original:  (Reuters)"> (Reuters)">Fed sees rates near zero ...
    6 days ago
  • Bad actors continue to prey on seniors


    WalletPop BlogAuthority Authority: 719
    Filed under: Banks , Borrowing , Home , Insurance , Real Estate , Retire , Fraud , Mortgages Bad actors have solidly shifted their attention to reverse mortgages, causing a top consumer organization to warn seniors to choose such loans carefully. A new report by the National Consumer Law Center likens ...
    6 days ago
  • Fed keeps key rate at record low


    Relevant NewsAuthority Authority: 514
    The Fed expressed growing confidence that an economic recovery was building, even though it stuck to its commitment to keep borrowing costs near zero for “an extended period.” See more here:  Fed keeps key rate at record low
    6 days ago
  • Treasury Minutes Suggest Fed to Remove $1 Trillion in Excess Reserves by March 2010


    zero hedgeAuthority Authority: 761
    This morning, Treasury released the quarterly Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association, which is [A]n advisory committee governed by federal statute that meets quarterly with the Treasury Department. The Borrowing ...
    6 days ago

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