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Slow Recovering Economy Forces More College Graduates to Move Back in With Parents, Consolidated Credit Offers Insight …

admin — Mon, 13 Jun 2011 00:19:41 +0000

Slow Recovering Economy Forces More College Graduates to Move Back in With Parents, Consolidated Credit Offers Insight …
A great number of college graduates find themselves facing the harsh reality of turning to their parents for help after graduation due to low employment opportunities according to financial counselors at Consolidated Credit Counseling Services. Consolidated Credit is receiving a large volume of counseling inquires about students with debt and income problems. The counselors offer insightful …

Agriculture Projects Get Funding From Farm Credit Services of Mid-America

admin — Tue, 07 Jun 2011 00:17:42 +0000

Agriculture Projects Get Funding From Farm Credit Services of Mid-America
Since its inception in 2007, Farm Credit Services of Mid-America’s Greater Support for Agriculture Program has awarded more than $1.06 million through 47 special one-time projects.

Amid Political Turmoil, One Agency Downgrades Portugal’s Credit Rating

admin — Tue, 29 Mar 2011 00:14:42 +0000

Amid Political Turmoil, One Agency Downgrades Portugal’s Credit Rating
Portugal, like Ireland and Greece before it, is facing a debt crisis that political turmoil has only exacerbated.

Credit Card Data Tells Mixed Story

admin — Mon, 07 Mar 2011 00:14:52 +0000

Credit Card Data Tells Mixed Story
While some consumers spent more during the holidays because the economy was rebounding, others leaned on their credit cards to cover expenses.

IMF Executive Board Approves US$3.26 Million Disbursement Under Rapid Credit Facility for St. Vincent and the Grenadines

admin — Thu, 03 Mar 2011 00:14:29 +0000

IMF Executive Board Approves US$3.26 Million Disbursement Under Rapid Credit Facility for St. Vincent and the Grenadines
The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of an amount equivalent to SDR 2.075 million (about US$3.26 million) under the Rapid Credit Facility (RCF) for St. Vincent and the Grenadines to help the country manage the economic impact of Hurricane Tomas.

Is credit contraction a good idea?

admin — Mon, 07 Feb 2011 00:41:04 +0000

Is credit contraction a good idea?
Monetary tightening has done little to curb inflation and will hurt investment, but the credit surge suggests that inflation is demand-driven, so it’s better to have lower near-term growth than a hard landing later.

Take the time to read your credit notices

admin — Sat, 22 Jan 2011 00:16:10 +0000

Take the time to read your credit notices
The secret life of credit scores will be exposed this year through some new paperwork as consumers shop for car loans, credit cards and other sources of money. Now, you may ask, who really needs more paperwork? But these extra notices are actually worthwhile reading.

Portuguese Bond Sale May Make Bailout ‘Inevitable’: Euro Credit

admin — Wed, 12 Jan 2011 00:13:41 +0000

Portuguese Bond Sale May Make Bailout ‘Inevitable’: Euro Credit
Portuguese yields may be rising to levels that force the nation to follow Greece and Ireland in requesting a bailout from the European Union and the International Monetary Fund to avert default.

Trichet Exit Looms as Crisis Keeps ECB Rate at 1%: Euro Credit

admin — Mon, 27 Dec 2010 00:13:07 +0000

Trichet Exit Looms as Crisis Keeps ECB Rate at 1%: Euro Credit
Jean-Claude Trichet will retire as European Central Bank president next October with the euro area still needing record-low interest rates, according to economists who accurately predicted the region’s monetary policy this year.

Spain Power Debt Infects Enel With Sovereign Bond Market Woes: Euro Credit

admin — Sat, 25 Dec 2010 00:19:28 +0000

Spain Power Debt Infects Enel With Sovereign Bond Market Woes: Euro Credit
Europe’s spreading sovereign debt crisis is making it tougher for Spain to pay electricity bills, and that’s infecting corporate bonds beyond its borders.