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The White House is seen at night in Washington, Monday, Aug. 1, 2011. The House of Representatives passed a bill on Monday evening to cut spending and raise the debt ceiling until 2013, just one day before the deadline for the government to begin defaulting on its loans. (AP Photo/Pablo Martinez Monsivais)
The White House is seen at night in Washington, Monday, Aug. 1, 2011. The House of Representatives passed a bill on Monday evening to cut spending and raise the debt ceiling until 2013, just one day before the deadline for the government to begin defaulting on its loans. (AP Photo/Pablo Martinez Monsivais)
Pamela Donehower, of Middleburg, Va., left, John Holman, of Denver, Colo., center, and others with the group “No Labels” rally Monday on Capitol Hill to urge Congress and the president to find a bipartisan solution to the fiscal crisis.
Pamela Donehower, of Middleburg, Va., left, John Holman, of Denver, Colo., center, and others with the group “No Labels” rally Monday on Capitol Hill to urge Congress and the president to find a bipartisan solution to the fiscal crisis.
Pamela Donehower, of Middleburg, Va., left, John Holman, of Denver, Colo., center, and others with the group “No Labels” rally Monday on Capitol Hill to urge Congress and the president to find a bipartisan solution to the fiscal crisis.
The agreement among the world’s economically developed countries, collectively called G-8, to forgive more than $40 billion in debt owed by some of the world’s poorest nations to international institutions like the World Bank and the International Monetary Fund could be fresh start for those poor nations.
Dear Debt Adviser: I have a debt of $50,000 from balance transfers and credit line accounts. If I were to pay just the minimum due every month (which is what I can afford now) how long will it take to clear including 24 percent interest per year? I really want to clear it fast. — Alicia
Steve Bucci is the author of “Credit Management Kit for Dummies.” Email debtadviser@bankrate.com.
During this Christmas season of cheer and good tidings, a universal message is going forth. They are all united from Barack Obama to Martha Stewart to Wall Street Banks, the Federal Reserve and even your local mall agrees: Please borrow to spend more this Christmas.
FILE - In this April 4, 2012, file photo, Scott Richards of Saint Anselm College looks over possible jobs during a career fair for college students in Manchester, N.H. With college enrollment growing, student debt has stretched to a record number of U.S. households — nearly 1 in 5 — with the biggest burdens falling on the young and poor, according to a study based on the Survey of Consumer Finances released Wednesday, Sept. 26, 2012. Because of the sluggish economy, fewer college students than before are able to settle into full-time careers immediately upon graduation, contributing to a jump in debt among lower-income households as the young adults take on part-time jobs or attend graduate school. (AP Photo/Jim Cole, File)
Debt collectors. Next to the dreaded taxman, they're probably the most-feared financial folks around.
Members of the group "No Labels" holds a rally on Capitol Hill in Washington, Monday, July 18, 2011, to urge Congress and the president to find a bipartisan solution to the fiscal crisis. (AP Photo/Jacquelyn Martin)
Tom Purcell: Rather than criticize the bureau for wanting to spend a pittance on a humor consultant, our politicians ought to be on their hands and knees, praising bureau employees for keeping our government afloat while they spend recklessly.
Arizonans are having a tougher time managing credit card and mortgage debt than consumers in most other states, according to first-quarter data compiled by credit and information management company TransUnion.
The holiday shopping season has just begun, and an alarming number of consumers already are struggling with unmanageable debt.
David Rye believes he has something to say about the nation’s mounting consumer debt problem.
MONEY MAN: David Rye has written 10 books on investing, including a guide to college financial aid. His next book is on getting out of debt.
Bad credit should not be a source of embarrassment, and those with it are far from alone. “The stigma that sort of goes along with bad credit, we don’t feel it should be there,” said Rob Anderson, co-founder of Livingwithbadcredit.com, an education Web site for people with credit problems.
Keeping an eye on credit Consumers can obtain a free credit report each year from each of the major credit bureaus — Experian, Equifax and TransUnion. Visit www.annualcreditreport.com or call 1 (877) 322-8228.
Guest Commentary by Tom Patterson
By Mark Scarp, contributing columnist
By Jerry Brown, contributing columnist
Guest Commentary by Bill Richardson
Guest Commentary by Roc Arnett
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