Archive for 'debts consolidation'
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 in the uncertain economy, according to credit reporting agency TransUnion.
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Interest rates on almost everything are near historic lows. But credit card rates are the highest they've been in more than a decade.
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When the Cleavers sold their home in Milwaukee and moved to Chicago, they faced a decision: buy or rent. In normal times their decision would have been easy. But these are not normal times.
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General Motors has filed paperwork with the SEC to clear the way for selling stock to the public. The automaker says U.S. taxpayers and other stakeholders will sell common shares. GM also will sell preferred shares.
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Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said. And financial firms said consumers continue to better manage their credit card payments, with fewer customers defaulting or making late payments in July.
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Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks. The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said Thursday. And some brokers say homeowners looking to refinance have even managed to do so for as low as 4 percent.
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In an unusual August session, House Democrats pushed through an aid package that will boost state Medicaid budgets. But, the lawmakers whiffed on extending a popular insurance subsidy for the unemployed.
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Rising expectations about dorm livings arrangements has created some hefty room and board fees at the nation's universities.
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Many economists see little relief from the mortgage crisis before 2013, predicting prices and values will remain low over the next two years. The loss of a home, and the months of worry before the bank takes over, can be deeply traumatic for families.
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As the back-to-school shopping season approaches, retailers hope shoppers can afford to buy lots of backpacks and jeans. But reports show most shoppers are still watching their pennies, and the biggest back-to-school shoppers -- teenagers -- are having trouble finding work.
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