Posted July 1st, 2011
by Jessica Goodenough
The Obama Administration is pushing congressional leaders to agree to a deal that will reduce the national deficit by July 22. The administration believes the government’s borrowing limit must be raised by this date to avoid default in early August, according to a Wall Street Journal report.
The WSJ reported President Barack Obama and Senate leaders have created an outline of an agreement to cut federal spending by about $1 trillion over at least 10 years. However, the two parties are deadlocked over whether to include tax hikes that Democrats want–or cut taxes as Republicans want.
Lawmakers in Congress have already agreed to cancel their recess July 4 recess to continue discussions on how they can reduce the federal debt owed. One o
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Tags: July, July 22, National Deficit Posted in Debt Consolidation Online
Posted June 30th, 2011
by Keira Browne
Corporate CEOs in America have a secret that they dont want you to know about and that is how much money they are stealing from their workers. Republicans are accomplices in the thievery. Last year as part of the Wall Street reform bill passed by Congressional Democrats and signed by President Obama there was a provision forcing corporations to disclose just how large the pay gap is between their CEOs and their average workers.
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Tags: Corporate Ceos, Know Posted in Debt Consolidation
Posted June 29th, 2011
by Amber Cattanach
If you are considering bankruptcy, stop for a few minutes and consider that you may have an option that doesn’t entail lawyers and the court system. Many Americans who feel that bankruptcy is their only recourse are either sadly disappointed when they find they do not qualify to use the legal action or they don’t know about debt settlement.
These days bankruptcy no longer guarantees to wipe all the bills out allowing you to start anew. More and more, the courts are forcing partial repayment and there are times when even your home is no longer safe in the process. If half or more of your unsecured credit card debt could be wipe out, and you could set repayment time yourself, wouldn’t you rather do it that way? Many would, and it is exactly why debt settlement is one of the most popular means of debt relief today.
It works through negotiations with creditors, who will reduce balances because they believe you will not be able to pay more. Frank
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Tags: Bankruptcy Posted in Financial Tips
Posted June 29th, 2011
by Jessica Goodenough
Debt settlement firms and companies have been in the news recently as they face additional scrutiny by the Federal Government, notably, the Federal Trade Commission. Its common sense to do your homework on any company you intend to do business with before signing paperwork and most importantly a contract. Where debt settlement firms are concerned the FTC advises you take additional steps when considering debt settlement as a resolution to some or all of your debt woes.
According to the FTC, be leery of any debt settlement company that asks for an upfront fee. The most common complaint from consumers involves a debt settlement company receiving the upfront fee and then doing nothing subsequent to receiving that payment. The Better Business Bureau is a good place to start your investigation into debt settlement companies.
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Tags: Debt Settlement, Settlement Posted in Debt Consolidation Online
Posted June 29th, 2011
by Amber Cattanach
Consumers who want to reduce debt may have trouble doing so if they are affected by credit card fraud, and a new study found that lenders may not do enough to prevent this type of crime from taking place.
While the nations largest credit card lenders tend to do a good job of clearing up any instances of fraudulent credit card debt once they take place, they still have difficulties in preventing it from happening in the first place, according to a new study from Javelin Strategy and Research. As a consequence, this type of fraud costs lenders about $37 billion a year.
“Security and fraud detection are the consumer’s top concern when selecting and staying with a credit card issuer,” said James Van Dyke, president and founder of Javelin. ” Full Articles…
Tags: Credit Card, Study Posted in Financial Tips