North Korea Offers Trade for Debt »
The world’s most recent nuclear power, and a totalitarian state, North Korea has decided that it wants to repay its debt to the Czech Republic with Ginseng. It’s was also looking for the former Czechoslovakia to forgive upwards of 95 percent of its debt in a move that Czech authorities called unacceptable.
The formerly communist Czech [...]
Feds Buy Government Debt »
The Federal Reserve released a statement today saying that the recovery of the economy was going slower than expected. Because of this the Fed will start to buy up small amounts of government debt to help move things along a bit.
This means the Federal Reserve will start reinvesting approximately $2.05 trillion that was initially placed [...]
Racine gains Houses to Clear off Debt »
The Racine Mutual Housing Association in Racine Wisconsin made plans to turn over four homes to the city in order to help clear up some of its debt. The housing association has been having a hard time meeting its debts, and went as far as putting off loan payments on 19 of its currently held [...]
Credit Card Debt Still Falling »
It seems that with financial crisis looming around every corner, the debt raised by credit cards keeps slipping downward. People are more worried about losing everything they have and, therefore, they are doing without some of the things that their credit cards helped them get before.
The Federal Reserve’s credit update has stated that credit card [...]
New Rules for Debt Settlement Companies »
The FTC has declared that a new set of regulations for debt settlement companies will stop the much debated up-front fees towards its customers. They will also force the companies to give details such as how long the settlement will take and what the total costs are going to be.
While most people think debt settlement [...]
