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Have old debts? The collector might be too late.

February 4, 2012 by newswire

In 2010, a unit of Asset Acceptance Capital, one of the nation's largest buyers of consumer debt, sued Tim Bond to collect $7247.09 for charges and accrued interest on a credit card he says he can't remember ever applying for. “I just freaked out,” the ...

Basic instinct behind many consumer choices

February 4, 2012 by newswire

When he married census reports with credit bureau data, Griskevicius found a high correlation between the average level of debt and the ratio of single adult men to women in each area. In Columbus, Ga., for example the average consumer debt is almost ...

Make a plan to get rid of holiday debt

February 4, 2012 by newswire

Though that wasn't great news for retailers, it might reveal a positive change in consumer attitudes — credit monitoring website CreditKarma.com reports that consumer credit-card debt decreased 11 percent nationwide in 2011. "I think people are paying ...

Data theft leads to debt collector's license suspension

February 4, 2012 by newswire

Accretive Health Inc. is also being sued by Minnesota Attorney General Lori Swanson for allegedly violating health privacy laws and state consumer protections. The cease-and-desist order issued Friday by Commerce Commissioner Mike Rothman demands that ...

A problem known as Charge card Consumer debt

February 3, 2012 by newswire

A problem known as Charge card Consumer debt. Bank cards are no a lot more a luxury, they're practically a requirement. So, you would imagine quite a bit of people like Henrik Stigell going for charge cards. The truth is, quite a bit of people ...F - Guide The Ultimate

S&P Lowers Springleaf Finance Rating On Debt Difficulties

February 3, 2012 by newswire

Standard & Poor's Ratings Services lowered its issuer credit rating on Springleaf Finance Corp. three notches further into junk territory, citing expectations the consumer lender will have difficulty paying down $2 billion of debt due this year.

Collection Agency Picked On the Wrong Lou Correa

February 3, 2012 by newswire

SB 890was introduced by Senator Leno in the 2011-2012 session, which, among other things, would prohibit a debt buyer from making any written statement in an attempt to collect a consumer debt unless the debt buyer has valid evidence in the form of ...

Emerging Market Currencies, Debt Rally After Strong US Jobs Data

February 3, 2012 by newswire

"The bulk of emerging markets have a link to the US economy whether it's through exports, commodity demand, [or] US consumer demand." Emerging market debt also firmed up, as the risk premium on the JP Morgan Emerging Markets Bond Index Global, ...

Dodd-Frank Act defended by Geithner

February 3, 2012 by newswire

He also said that the Consumer Financial Protection Bureau is doing a lot of good for consumers who previously had little recourse in dealing with disputes related to their outstanding mortgage bills or credit card debt. The CFPB has been working to ...

Rise in companies collapsing under debt

February 3, 2012 by newswire

However, households appear in better shape than they had been, despite the difficult economic backdrop, with data showing the number of personal insolvencies – stemming from consumer debts – falling. The total number of individuals declaring bankruptcy ...

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