Debt now outstrips UK's GDP (Cambridge Evening News)
It's difficult to remain debt free in an environment such as this. Bad credit happens, and it happens often, but what do you do when you realize something needs to change? When you get to the point that you're afraid to answer the phone and the thought of sitting down to pay your bills makes you want to flee?
Debt now outstrips UK's GDP (Cambridge Evening News)
BRITAIN'S "buy now, pay later" culture has led to consumer debt exceeding the annual amount generated by the national economy, according to new research.
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Global Overview: Investors remain wary on debt concerns (FT.com via Yahoo! News)
Shares on Wall Street fell on Monday and European markets struggled to make progress as investors remained cautious over the prospect for further debt market turmoil and fresh signs emerged of the weak state of the US housing sector.
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Minister says law must change for debt to be repaid (Bangkok Post)
Failure to amend the Currency Act would effectively close the door on future repayment of the Financial Institutions Development Fund's debts of 1.33 trillion baht, says Finance Minister Chalongphob Sussangkarn.
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A.M. Best Assigns Rating to Lincoln Financial's New Senior Unsecured Notes (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has assigned a debt rating of "a" to $300 million five-year 5.65% fixed rate senior unsecured notes recently issued by Lincoln National Corporation . The rating outlook is stable.
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Fitch Rates Lincoln National's Sr. Notes 'A'; Outlook Stable (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has assigned an 'A' rating to Lincoln National Corporation's issuance of $300 million of 5-year senior notes due August 2012. The Rating Outlook is Stable.
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Schools want to ease your tuition struggles (Bankrate.com via Yahoo! Finance)
By using grants and making other changes to financing, many colleges are trying to help students graduate debt free.
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Stocks Plunge As Negative News Infiltrates The Markets - U.S. Commentary (Nasdaq)
(RTTNews) - Investors had hoped that the current market correction had run its course following last week's gains. However, after posting modest losses in Monday's session, the major averages continued their downward trend on Tuesday, never crossing above the unchanged line.
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Stocks Move Lower Following The Release Of Federal Reserve Minutes - U.S. Commentary (Nasdaq)
(RTTNews) - Last week, investors were given hope that the current downturn within the market had run its course, as the major averages posted significant gains. However, it appears that the optimism was pre-mature, as stocks look to post their second consecutive day of losses on Tuesday.
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Rams Turns to Australian Market After Failure in U.S. (Update2) (Bloomberg.com)
Aug. 28 (Bloomberg) -- Australia's Rams Home Loans Group Ltd. said it will try to sell more mortgage-backed bonds in the domestic market after failing to refinance A$6.18 billion ($5 billion) of short-term debt in the U.S. this month.
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Zacks Bull and Bear of the Day Highlights: GameStop, Supertex, Town Sports International and National Oilwell Varco (Business Wire via Yahoo! Finance)
CHICAGO----Zacks Equity Research highlights GameStop as the Bull of the Day and Supertex as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Town Sports International and National Oilwell Varco .
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Debt now outstrips UK's GDP (Cambridge Evening News)
Carol in North Carolina was willing to share her personal horror story with me as long as I did not use her last name. It started with a phone call from a debt management company. The representative told Carol she could get her creditors to lower their interest rates. This would let Carol pay off her credit card, mortgage and car loan debt three to five times faster.
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