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Entries from March 2011

Beginning this week, Homestead Act strengthens protection

March 13th, 2011 · No Comments

Credit card debt got you down? Revisions to the state’s Homestead Act that take effect Wednesday offer greater protection to people from losing their homes to debt collectors.

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Tags: Credit Cards

Further consolidation looms

March 13th, 2011 · No Comments

The local stock market tumbled last Friday, reversing earlier gains after tracking losses in the region sparked by concern that spreading unrest in Libya could spill over to Saudi Arabia, and amid weaker-than-expected economic numbers from US and China.

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Tags: Credit Cards · Debt Consolidation

New tax guidelines issued on forgiven debt

March 13th, 2011 · No Comments

With hundreds of thousands of homeowners having negotiated loan modifications or short sales — or been foreclosed upon during the past year — the Internal Revenue Service has issued fresh guidance on how to handle canceled mortgage debt for tax season.

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Tags: Credit Cards · Student Loans

PRINCETON: Consolidation panel holds information session

March 13th, 2011 · No Comments

A second public information session was held by the Joint Shared Services/Consolidation Commission on Tuesday to update the study progress, review the baseline report, review the next steps and the timeline and engage members of the public in a dialogue.

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Tags: Credit Cards · Debt Consolidation

Pensioners sinking in credit card debt

March 13th, 2011 · No Comments

Rising living costs and reduced earnings are depleting savings of elderly, report reveals One in seven baby boomers now hitting retirement never expect to be debt-free, according to a report by Aviva which reveals that one in three over-75 year olds have crippling credit card debts averaging £3,370 a head. The first generation with access to easy credit – Barclaycard introduced the first credit …

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Tags: Credit Cards