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Rates and debt likely to hit Aust savings

DebtFree.net — Sun, 26 Sep 2010 23:00:08 +0000

Rising levels of consumer debt and another spate of interest rate hikes could soon cut into Australians’ savings and lead to more credit defaults, economists say.—
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Credit Card Debt Consolidation and Relief Programs Needed Today

DebtFree.net — Wed, 22 Sep 2010 23:00:11 +0000

With an Unfolding Personal Debt Crisis Underway, National Debt Relief Program Discussed Credit Card Debt Relief and Consolidation Programs—
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Credit card debt lowest level in 8 years

DebtFree.net — Wed, 25 Aug 2010 23:00:21 +0000

The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances.—
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As latest protections kick in, credit cards zero in

DebtFree.net — Sat, 21 Aug 2010 23:00:17 +0000

IT’S ONLY MONEY reviews the last of the new credit card protections, which kick in this weekend, even as your mailboxes are deluged by slick plastic offers.—
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Consumers: Credit, Wages Down, But Spending Up

DebtFree.net — Mon, 09 Aug 2010 23:00:08 +0000

Consumer credit card debt has fallen 21 months in a row. The savings rate has risen from 2.1% to over 6% and wages and salaries are lower than before the Credit Crisis. Even though all three reduce consumer spending, the GDP reports claim U.S. consumers are spending more.—
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Banks on Europe’s edge face $122-bn refinancing bill

DebtFree.net — Mon, 02 Aug 2010 23:00:04 +0000

Banks in Europe’s most indebted nations need to refinance $122 billion of bonds this year, likely paying high interest costs even after receiving a clean bill of health from regulators. Italy’s Intesa Sanpaolo SpA has the most debt coming due at $28 billion, followed by UniCredit SpA with $21 billion, according to data compiled by Bloomberg. Italian banks must refinance a total $69 billion of …—
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Wells Fargo 2Q profit rises as bad loans ease

DebtFree.net — Wed, 21 Jul 2010 23:00:24 +0000

(AP:NEW YORK) Better payment rates for mortgages, auto loans and credit cards helped lift consumer-focused Wells Fargo & Co.’s second-quarter profit by 12 percent.—
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