Latest Debt Loan news:

The area student loan market is steady now, but student debt is likely to increase as tuition, other costs rise
The tremors that shook the student loan industry and had private lenders threatening to abandon the business have quieted, but students are now likely to have to borrow more for higher education, experts said.
Read more News Source - Chattanooga Times Free Press
Publish date - 04:19:11 07/20/08

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DANGERS OF DEBT
Here are some tips about the dangers of debt: • Know the difference between good and bad debt.
Read more News Source - Akron Beacon Journal
Publish date - 06:17:27 07/20/08

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11:17 a.m. -- Acting Governor to sign streetlight debt loan today
11:17 a.m., July 17 -- Acting Gov. Michael Cruz today will sign a loan to settle the government of Guam's streetlight debt. The $13.8 million debt -- a decade old -- caused the Guam Power Authority earlier this year to begin disconnecting village streetlights throughout the island.
Read more News Source - Pacific Daily News
Publish date - 01:51:01 07/17/08

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County may forgive debt, turn over ice center
Port Washington - Ozaukee County would forgive about $385,000 in debt and hand over ownership of the Ozaukee Ice Center...
Read more News Source - Milwaukee Journal Sentinel
Publish date - 01:50:03 07/20/08

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New St. Paul TIF district will ease RiverCentre debt
After many of its requests were rebuffed at the Legislature last session, St. Paul is using one tool to reduce the drag from debt owed on the RiverCentre Convention Center.
Read more News Source - Minneapolis-St. Paul Star Tribune
Publish date - 23:30:36 07/19/08

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Given a shovel, digging deeper into debt
Practices that produced record profits for many banks have led millions of Americans to the brink.
Read more News Source - International Herald Tribune
Publish date - 07:03:03 07/20/08

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Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

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Paying for the sins of their fathers
KUALA LUMPUR: Loan defaulters should take note that their failure to pay their debt may influence the decision made by the National Higher Education Corporation (PTPTN) when considering the loan applications of their children or immediate family members.
Read more News Source - The New Straits Times
Publish date - 00:54:55 07/20/08

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Citigroup posts $2.5B loss on loan defaults, still beats view
Citigroup posted another loss and laid off 6,000 employees in the second quarter as it struggled with surging loan defaults, but the $2.5 billion shortfall was smaller than Wall Street anticipated.
Read more News Source - USA Today
Publish date - 18:03:11 07/18/08

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Borrowing from 401(k) leaves jobless in costly bind
Yvette Thornton is caught in an unusual debt crunch. The former Delphi worker, now retired, needs to make a $1,154 loan payment by September.
Read more News Source - The Buffalo News
Publish date - 13:09:27 07/19/08

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Overseas investors snapping up Fannie, Freddie debt, data show
Data compiled by the Federal Reserve show that foreign official and private investors have increased their holdings of so-called agency debt in the past two weeks, flouting the sell-off in Fannie Mae and Freddie Mac equity amid concerns over the mortgage giants’ capital cushion.
Read more News Source - Market Watch
Publish date - 16:48:28 07/18/08

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SEC's $1.6b Islamic loan to finance new projects
DUBAI - Saudi Electricity Co.(SEC), the kingdom's largest power generator, agreed to a 6 billion riyal ($1.6 billion) Islamic loan with a group of six local banks to refinance maturing debt and help pay for new projects.
Read more News Source - Khaleej Times
Publish date - 20:20:38 07/17/08

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401(k) loan policies can't be too stringent
Would you still put money in a tax advantaged retirement fund if you couldn't touch it until you retired? And when I say you couldn't touch it, I mean you couldn't take out loans or withdraw funds under any circumstances.
Read more News Source - Everett Herald
Publish date - 07:08:14 07/20/08

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Credit card debt edges up with cost of living
Where will the money come from?
Read more News Source - Baltimore Sun
Publish date - 07:33:05 07/20/08

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Emergency plan to dig out of debt
It's never too late to turn things around if you feel you're drowning in debt. First and foremost, be committed, says Howard Dvorkin, founder of Consolidated Credit Counseling Services and author of Credit Hell: How to Dig Out of Debt.
Read more News Source - Miami Herald
Publish date - 20:15:07 07/18/08

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