Debt Management
Debt Management News and Debt Management Information.

Late payment - how can you avoid it? - startups.co.uk
Some businesses choose not to undertake their own credit control but have someone else do all or part of it for them by outsourcing. Other techniques worth considering are credit insurance; factoring; retention of title; or payment in advance

1st Century Bank Expands Relationship Management Team - MSN MoneyCentral
1st Century Bank, N.A. (the “Bank”), a wholly owned subsidiary of 1st Century Bancshares, Inc. (OTCBB: FCTY), today announced the expansion of its relationship management team with the addition of Michelle Johnson and Christopher S. Hoshek as Vice

Wind, solar energy built on temporary tax breaks - Miami Herald
WASHINGTON — Congress is putting the short-term future of renewable energy companies in jeopardy even as the presidential candidates and most lawmakers hail windmills, solar panels and biofuels as long-term solutions to high gasoline prices and

Indicted Louisiana House member bids for 10th term - Miami Herald
NEW ORLEANS — Bribery allegations and jokes about “cold cash” hidden in Rep. William Jefferson’s freezer apparently did not matter much to voters two years ago when the New Orleans Democrat won a runoff election for his long-held congressional seat

Allianz and Commerzbank poised for Dresdner deal - Reuters
FRANKFURT (Reuters) - Management at Allianz SE (ALVG.DE: Quote , Profile , Research , Stock Buzz ) and Commerzbank AG (CBKG.DE: Quote , Profile , Research , Stock Buzz ) sought approval from their supervisory boards on Sunday to sell control of the

As inflation peaks, Asian bonds look poised for a rally - International Herald Tribune
HONG KONG : Asian local currency bonds may be poised for a rally as central banks from Indonesia to India turn from fighting inflation to fretting over growth and investors sense that interest rates are nearing their peak. Asian bonds took a beating

Fannie Mae announces management shakeup - Reuters
WASHINGTON (Reuters) - Mortgage-finance company Fannie Mae (FNM.N: Quote , Profile , Research , Stock Buzz ) on Wednesday announced a management shake-up in an effort to come to grips with mounting credit losses and a shrinking capital base. The

Monroe County waste authority deeply in debt - Pocono Record
The agency responsible for the county’s recycling program lost almost $400,000 last year, and according to its most recent annual report may be unable to meet its immediate or long-term financial obligations. The Monroe County Municipal Waste

Treasurys fall as investors cash in gains - Miami Herald
NEW YORK Treasury prices mostly fell Friday ahead of the long holiday weekend as traders booked profits in an abbreviated session. Investors examined an apparent improvement in Midwest business conditions, which perhaps dampened demand for the safety

Rising living costs putting crimp on financial goals - Herald Times Reporter
MANITOWOC Kenneth Messman said rising gas and food costs has put a speed bump in his plans to become debt free. Messman, who lives in Two Rivers, said he accumulated about $20,000 in credit card debt in fueling his gambling addiction. “You don’t

Poll Reveals Fifty Percent of College Students Seek a Plan to Decrease - MSN MoneyCentral
ENGLEWOOD, Colo. , Aug. 29 /PRNewswire-FirstCall/ — Even though 84 percent of college students say they are educated about money management and understand the consequences of debt, 50 percent wish they had a plan to help decrease their debt

LSE spurs FTSE on to two-month high - Financial Times
London Stock Exchange was among the top performers on Friday as the London market moved higher for a third straight session. LSE rallied 4.1 per cent to 753p after HSBC played down competition concerns following a meeting with new chief finance

How to avoid the debt trap - Economic Times
Prudent saving and smart investing may be important for building your portfolio and creating a huge-nest egg, but assuming them to be the only keys to accumulating wealth is akin to financial hara-kiri. For, in the absence of a good debt strategy

Pimco seeks $5 bln to buy distressed debt-Bloomberg - Reuters
Aug 27 (Reuters) - Pacific Investment Management Co, the manager of the world’s biggest bond fund, is seeking as much as $5 billion to buy mortgage-backed debt that has plunged in value due to the subprime crisis, Bloomberg reported, citing two

Apollo’s Hexion rejects Huntsman shareholder plan - Guardian Unlimited
NEW YORK, Aug 28 (Reuters) - Four large hedge funds, all shareholders of Huntsman Corp, have proposed a plan to salvage a $6.5 billion buyout of the chemical company by a unit of Apollo Global Management. But Apollo’s Hexion Specialty Chemicals unit

Fitch Rates New Haven, Connecticut’s $39MM 2008B GOs ‘A-’; Stable - CNBC
NEW YORK, Aug 28, 2008 (BUSINESS WIRE) — Fitch Ratings assigns an ‘A-’ rating to the city of New Haven, Connecticut’s approximately $39 million general obligation (GO) bonds, issue of 2008, series B. The bonds are expected to sell competitively on

Moody’s Upgrades Oncor’s Credit Rating - Forbes
Today, Moody’s Investors Service announced that it upgraded Oncor Electric Delivery Company LLC’s senior secured debt ratings one notch from Ba1 to Baa3. Recently, it was announced that Oncor has entered into an agreement to sell approximately 20

Cabinet chief vows Argentina will service debt - Miami Herald
BUENOS AIRES, Argentina Argentina will meet all its debt obligations in 2008 and 2009, its Cabinet chief said Wednesday, addressing investor concerns that political tensions could reduce its budget surplus and slow its debt payments. Given foreign

Poll Reveals Fifty Percent of College Students Seek a Plan to Decrease - Forbes
ENGLEWOOD, Colo., Aug. 29 /PRNewswire-FirstCall/ — Even though 84 percent of college students say they are educated about money management and understand the consequences of debt, 50 percent wish they had a plan to help decrease their debt

Hedge Funds Step in to Help the Hexion-Huntsman Deal - Wall Street Journal
If you want something done, do it yourself. Prominent hedge funds are following that mantra and jumping into troubled buyouts to end squabbles that could kill the deals. Hedge fund D.E. Shaw and three other funds today decided to offer a $500 million

Consumer spending flags, but confidence rises - Reuters
WASHINGTON (Reuters) - Personal income tumbled unexpectedly in July and inflation-adjusted spending shrank as government economic stimulus waned, but consumer spirits rose this month, a hint the economy may muddle through its woes. Personal income

Five Dumbest Things on Wall Street: Aug. 29 - Street.Com
All Black and White at Citi In an apparent response to its previously inked bad deals of exotic mortgage-backed paper, Citigroup’s ( C - Cramer’s Take - Stockpickr ) management is finally initiating a plan to save some bucks to counteract the

Fannie Mae CEO Dan Mudd Announces Management Restructuring to Drive - MSN MoneyCentral
WASHINGTON , Aug. 27 /PRNewswire-FirstCall/ — Fannie Mae FNM President and Chief Executive Officer Daniel H. Mudd announced a series of senior executive appointments, effective immediately, to oversee and implement the company’s recently announced

Rockland Trust Company Announces $30 Million Subordinated Debt - Forbes
Rockland Trust Company, the wholly-owned bank subsidiary of Independent Bank Corp. (NASDAQ: INDB), announced today that it had issued $30 million of subordinated debt to USB Capital Resources Inc., a wholly-owned subsidiary of U.S. Bank National

RPT-US CREDIT-Darden credit spreads seen wider on profit warning - Reuters
NEW YORK, Aug 27 (Reuters) - Credit spreads on Darden Restaurants Inc (DRI.N: Quote , Profile , Research , Stock Buzz ) jumped after a profit warning and are likely to trend even wider as Americans change their dining-out habits due to the weak

Debt and the Changing Face of the Credit Market - Best Syndication
Food prices up, repossessions up, house prices down these are troublesome times, especially for people whose monthly debt repayments are taking up valuable funds they need to cope with the ever-increasing cost of living. After years of easy access

New charity, DebtHelpCharity.com, offers free Debt Management Plan - Consumer Electronics Net
LONDON, BUSINESS WIRE — DebtHelpCharity.com today announced the launch of a free new service designed to guide people through the process of Debt Management Plans (DMPs). The website offers hands-on practical advice for people considering a debt

Fitch Rates Dane County, Wisconsin’s Notes & GOs ‘AAA’ - Forbes
In addition, Fitch affirms the ‘AAA’ rating on the county’s approximately $212 million outstanding GO debt. The bonds are scheduled for competitive sale on or around September 4th, 2008, and constitute a general obligation of the county, secured by

Moody’s downgrades Tronox, gives negative outlook - MSN MoneyCentral
DALLAS (AP) - Moody’s Investors Service downgraded Tronox Worldwide LLC’s debt further into junk territory on Monday, citing the paint pigment company’s discussion of bankruptcy in a recent regulatory filing and a management shake-up. The agency

UPDATE 2-Centro says equity investor unlikely by year-end - Reuters
MELBOURNE, Aug 25 (Reuters) - Centro Properties Group (CNP.AX: Quote , Profile , Research , Stock Buzz ), an Australian victim of the subprime crisis, said it was unlikely to secure equity investment by a December deadline, making it dependent on

UPDATE 1-Kolter Group signs $1 bln venture with Och-Ziff - Reuters
CHICAGO, Aug 26 (Reuters) - The Kolter Group said on Tuesday it signed an agreement with a unit of the hedge fund Och-Ziff Capital Management Group LLC (OZM.N: Quote , Profile , Research , Stock Buzz ) to purchase real-estate assets in the U.S

Moody’s downgrades Tronox, gives negative outlook - MSN MoneyCentral
DALLAS (AP) - Moody’s Investors Service downgraded Tronox Worldwide LLC’s debt further into junk territory on Monday, citing the paint pigment company’s discussion of bankruptcy in a recent regulatory filing and a management shake-up. The agency

New charity, DebtHelpCharity.com, offers free Debt Management Plan - Consumer Electronics Net
LONDON, BUSINESS WIRE — DebtHelpCharity.com today announced the launch of a free new service designed to guide people through the process of Debt Management Plans (DMPs). The website offers hands-on practical advice for people considering a debt

Fitch Rates Dane County, Wisconsin’s Notes & GOs ‘AAA’ - Forbes
In addition, Fitch affirms the ‘AAA’ rating on the county’s approximately $212 million outstanding GO debt. The bonds are scheduled for competitive sale on or around September 4th, 2008, and constitute a general obligation of the county, secured by

STOCK PICKS: Top 5 All-Around Value, Aug. 26 - Street.Com
Each business day, TheStreet.com Ratings compiles a list of the top five stocks in five categories — fast-growth, all-around value, large-cap, mid-cap and small-cap — and publishes these lists in the Ratings section of our Web site. This list is

URDANG and ConAm Complete Acquisition of California Apartment Complex - Forbes
PLYMOUTH MEETING, Pa., Aug. 26 /PRNewswire-FirstCall/ — URDANG, part of BNY Mellon Asset Management, in a joint venture with The ConAm Group of Companies has completed the acquisition of Rosemeade at Olympus Pointe, a 465-unit apartment complex in

Seven Arts Repays Too Easy Entertainment LLC Loan of $1,505,000 - Forbes
Seven Arts Pictures plc (Seven Arts) (PLUS:SAPP) (OTCBB:SAPXF) announced the repayment in full of $1,505,000 of debt to Too Easy Entertainment LLC. Funding for the repayment came from financing and distribution of films, as well as from film library

Nigeria’s apex bank to auction $340 mln treasury bills - Xinhua News Agency
LAGOS, Aug. 26 (Xinhua) — Nigeria apex bank, The Central Bank of Nigeria (CBN), is to auction 40 billion naira (about 339 million U.S. dollars) in 91-day and 182-day treasury bills on Wednesday to control money supply, reported the Channel TV news

Marathon Asset Management Takes Corporate Social Responsibility Green - Yahoo Finance
NEW YORK, Aug. 26 /PRNewswire/ — Marathon Asset Management, the New York-based global alternative asset management firm, will relocate its headquarters to One Bryant Park, the world’s most environmentally responsible high-rise office building. One

Games over, but new start for China - Brisbane Times
Huge investment for the Olympics will cement Beijing’s place as a world-class city and business centre, and leave a legacy of improvements for its residents. Unlike Athens and some other past host cities, where the Games led to a mountain of debt and

Bad Debt Consolidation: Double Trouble Effortlessly Solved - Best Syndication
If you have a credit history tainted with arrears, defaults, CCJs, IVAs and the like, you have bad credit. This already spells trouble. But if you have unpaid debts in addition to that, you are in a really adverse situation. While your bad credit

Amid the credit crisis, Puget Sound credit counselors also struggle - Seattle Business Journal
Consumer Counseling Northwest , a nonprofit that helps consumers with credit and housing problems, is contending with its own financial crisis. Banks, under stress from more bad loans, are scaling back donations to the Seattle agency as more

Rupee Rally Can’t Convince Mobius of Pakistan Rebound (Update2) - Bloomberg
Aug. 25 (Bloomberg) — The ouster of Pakistan President Pervez Musharraf was hailed by the government as a chance to turn around a crumbling economy that has left half the 168 million population short on food. Investors aren’t convinced, and that

Todd Ossenfort: Budgeting, credit counseling are best to trim debt - Arizona Daily Star
Q I have four major credit cards. I am struggling to pay off the balances. I have racked up $13,000. Is there a way to cancel a few of my cards and get assistance paying them off? I have great credit and don’t want canceling my cards to disrupt my