Debt Management News Archive

03-Jun-2009

 

  • Claims management: The danger of the debt-free card (Guardian Unlimited)
    Financial ombudsman says claims management firms fixate on 'technical issues' rather than real problems The Financial Ombudsman Service (FOS) has warned against claims management companies that offer to wipe out credit card and personal debts. The ombudsman says the firms "fixate­ on technical legal issues", often ignoring the real problems. Claims firms say they have found a legal loophole ...


  • 3 Ways Consumers Can Get Help With Debt Trouble After Credit Card Reform (PRWeb via Yahoo! News)
    Expert at Bills.com suggests tools to help with credit card debt.


  • Local Debt Collection Firms Fined (WGRZ-TV Buffalo)
    NEW YORK (AP) -- Three western New York debt collection agencies that were the subject of hundreds of complaints from people all over the country have agreed to make reforms.


  • Bi-Lo Center noise, debt back on the table (The Greenville News)
    The Bi-Lo Center's long-awaited debt restructuring will likely be approved by County Council tonight after Chairman Butch Kirven said local officials hammered out an agreement that ensures there won't be a repeat of last month's Crawfish Boil that drew complaints of excessive noise and tree-cutting.


  • 3 N.Y. debt collection agencies pledge reforms (Connecticut Post)
    NEW YORK -- Three western New York debt collection agencies whose aggressive tactics made them the subject of hundreds of complaints nationwide have to agreed to make reforms.


  • Australia's AOFM: Expect To Hit A$200B Debt Ceiling 1H 2011 (The Forex Market)
    CANBERRA (Dow Jones)--Australia's debt agency the Australian Office of Financial Management expects to hit a A$200 billion debt ceiling provided for in current legislation in the first half of 2011, Chief Executive Neil Hyden said late Tuesday.


  • Freddie Mac Ponies Up $30 Billion to Buy Back Debt (New York Times)
    Freddie Mac is offering this week to buy up to $30 billion of its debt back from investors, in an effort to reduce its effective short-term debt.


  • EDC pays $124-m debt, gains P209m from hedging (Manila Standard Today)
    Energy Development Corp., a unit of the Lopez group, has paid in full its 12-billion yen ($124 million) loan from a consortium of Japanese banks. Energy Development, or EDC, said it also saved P209 million from hedging arrangements of the debt at the time of maturity.


  • Shavano Park refunds outstanding debt (SACommunties)
    The city of Shavano Park recently completed a refunding of $2.57 million of its outstanding debt. In April, the City Council directed city management and its financial advisors to monitor markets for favorable conditions in which to refinance the city's debt obligations.


  • 3 WNY debt collectors agree to reform after $245,000 fine (The Buffalo News)
    Three Western New York debt collection agencies have agreed to ?substantially reform their business practices? and pay $245,000 to the state in settlements with state Attorney General Andrew M. Cuomo.



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