Stephen King: The reality of housing and debt risks (Belfast Telegraph)



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Stephen King: The reality of housing and debt risks (Belfast Telegraph)

How’d you like to lower your monthly credit card and loan payments — guaranteed? It’s an offer that sounds mighty appealing to anyone struggling to pay their bills. A growing number of companies across the country claim they can do this by either lowering your interest rate or reducing the amount you owe.

Stephen King: The reality of housing and debt risks (Belfast Telegraph)

How about this for good timing? America's central bank, the Federal Reserve, published a paper on 8 August (The Rise in US Household Indebtedness: Causes and Consequences) with the following, prophetic, words: "As illustrated by the recent developments among sub-prime mortgage borrowers, excessive accumulation of debt can, in some circumstances, lead to financial distress. Moreover, the reaction ...

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Minutes from the Federal Reserve meeting (CNN Money)

Following are the minutes from the Federal Reserve meeting, held Aug. 7.

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U.S. Federal Reserve Meeting Minutes for August 7 (Text) (Bloomberg.com)

Aug. 28 (Bloomberg) -- Following are the minutes of the Federal Reserve's Open Market Committee meeting that concluded on August 7.

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European shares seen opening lower (Interactive Investor)

Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.

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IMF Financial Activities -- Update August 23, 2007 (IMF)

The following tables, which are updated weekly, provide information on the IMF's financial activities. Definitions for the terms contained in the tables are provided below each table.

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Orleans Energy Announces Second Quarter 2007 Results (CCNMatthews via Yahoo! Finance)

CALGARY, ALBERTA-- - Orleans Energy Ltd. is pleased to announce its results for the three month period ended June 30, 2007. The Company's second quarter 2007 highlights include the following:

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Madalena Ventures Inc. Financial and Operating Results (CCNMatthews via Yahoo! Finance)

CALGARY, ALBERTA-- - Madalena Ventures Inc. today announced its financial and operating results for the three and six months ended June 30, 2007.

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Scotiabank reports strong third quarter performance (FinanzNachrichten)

TORONTO, Aug. 28 /PRNewswire-FirstCall/ -- Scotiabank ( Nachrichten ) today reported near record third quarter net income of $1,032 million compared with $936 million the same period last year.

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UPDATE: Main Hungary Political Parties Agree On Budget Office (The Forex Market)

(This updates an item at 1420 GMT with comments from another parliamentary party.)

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Council vote on tax rate today to have mixed effects (El Paso Times)

The El Paso City Council will vote on a new tax rate today that works out to an 8.4 percent increase as the state measures it, a tax decrease for many homeowners and a double-digit increase for many businesses.

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Stephen King: The reality of housing and debt risks (Belfast Telegraph)

Working with a financial expert can help you determine to keep your promise to pay your creditors. Deuteronomy 23:21 says that if you make a promise or a vow, you should quickly pay it. There are services that are geared toward helping those who have acquired too much debt to begin a systematic program of repayment that will in the end bring them to a place of return to financial responsibility. Receiving help in time of need can be an answer to prayer to someone dealing with debt in his or her personal finances.

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