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Featured Debt Articles

Debt Consolidation Don'ts You Should Know About
Many Americans are in debt, in fact most of them are to varying degrees. And, most want to get out of debt and choose debt consolidation programs as one option to help them reduce their monthly payment and get back on the path to debt repayment. However, ...

Move out of the clutches of the creditor and manage your life better with a Debt Consolidation Loan
Times have changed, so have the rules. Gone are the days when people used to get credit only for their necessities like home, medical emergency or education, now one can get credit for just about anything. You can even get a loan to pay off your creditors ...

What You Must Know About Debt Consolidation Loans? by www.consumercreditcounseling.net
The Debt Consolidation Loan graciously advertises their real offer of financial help to reduce your damaged credit. Occasionally some companies try to make consolidation loans come across as debt management services with promises of reducing your interest ...





4 Ways To Lower The Interest You Pay On Your Outstanding Credit Card Debts
 
1. If you are paying interest on your outstanding credit card balance, then you can save yourself all that interest you are giving to your credit card company by applying for another credit card that offers a 0% interest rate and transferring the balance from your existing card to your new one . Usually these 0% interest offers last for a set period of about 6 to 9 months and the money you save can be substantial. Be careful when selecting a new credit card to apply for as some of them now charge a balance transfer fee of around 2% of the balance transferred, so make sure you pick one that doesn't charge for doing a balance transfer. So that you can continue to pay no interest after this time, just apply for another 0% credit card from another credit card company at least a month before the first 0% offer expires, so you can switch the balance and not accrue any interest charges.

2. If you can't get a 0% balance transfer offer, then you can still apply for a card that has a lower interest rate than the one you are currently paying interest on and do a balance transfer to it. Of course if you already have another card with a lower balance transfer rate than your existing one, you can transfer the balance to that one, lowering your interest payments.

3. Another way you could save money on outstanding credit card debt is to simply ask your current credit card company if they would lower their rate for you. It is surprising to find that many of them will do this for you, especially if you tell them you are thinking of moving your balance to another card with a lower interest rate, they will most likely match the interest rate.

4. If you have several balances outstanding on several cards, then a good way to save money is to pay off the card with the highest interest rate first, which lowers the interest you pay overall.





Debt News



Los Angeles Times

College debt burden driving more toward bankruptcy
Greenville News
More students are going deeper in debt to pay for education at at time when jobs can be hard to find. / MYKAL McELDOWNEY/Staff By Anna Simon Growing student loan debt at a time when many college graduates are unemployed or underemployed could mushroom ...
Bankruptcy lawyers: Student debt is looming economic bombUSA TODAY
Obama Student Loan Debt Bubble About to BlowTown Hall
Student debt pushing more people toward bankruptcy, lawyers sayLos Angeles Times
CBS News -Forbes -ABC30.com
all 90 news articles »

Sydney Morning Herald

Greek Leaders Urge Lawmakers to Approve Debt Deal
New York Times
“We are a breath away from ground zero,” Mr. Papademos said in a televised address to the nation ahead of a crucial parliamentary vote on a new debt deal scheduled for Sunday night. The austerity program — which foresees cuts to private sector wages ...
Greece faces crucial week in debt crisisCNN International (blog)
Protests in Greece as cabinet approves debt deal | Bangkok Post: newsBangkok Post
Greeks rally against debt dealThe Daily Telegraph
Business Recorder (blog) -News24
all 5,668 news articles »

TheStreet.com

Greek Debt Deadline Looms: Coming Week
TheStreet.com
15 deadline looms over Greek debt talks. The clock is ticking on negotiations for Greece, as eurozone officials have marked Feb. 15 as the cutoff point for an agreement on a second bailout deal. If the debt-ridden nation is unable to find 325 million ...


Bloomberg

Greece to Borrow up to €35 Billion for Debt Buyback
Wall Street Journal
By MATINA STEVIS and ALKMAN GRANITSAS ATHENS—Greece will borrow up to €35 billion from Europe's temporary bailout fund to finance an ambitious debt-buyback plan from the European Central Bank, according to official documents released by the government ...
Greek debt deal limbo slams global financial markets a day after apparent ...Washington Post
Breaking down the problem of Greece's debtAlaska Dispatch
Euro Gains Against Majors Amid Greek Debt Impasse; Yen DeclinesBusinessWeek
Huffington Post -Bloomberg
all 3,909 news articles »

Ireland Optimistic On EUR31B Bank Debt Restructure -Anglo Irish Chairman
Wall Street Journal
DUBLIN (Dow Jones)--The chairman of Irish Bank Resolution Corp--the insolvent bank formerly called Anglo Irish Bank Corp--said Sunday he's optimistic the government will strike a deal to lessen the huge burden the bailed out country faces in paying ...
Ireland Has Good Chance of Easing Anglo Debt, Alan Dukes SaysBloomberg

all 8 news articles »