US markets fall sharply after S&P downgrade BusinessWeek
The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor's downgraded American debt and gave investors another reason to be anxious.
The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street. It recovered some of those losses, then fell again and was down as many as 375 points in mid-morning trading. At 11:30, the Dow was down 284 points.
It was the first chance for global investors to respond to S&P's announcement late Friday that it was reducing its credit rating for long-term U.S. government debt by one notch, from AAA, the highest rating, to AA+.
The move wasn't a total surprise but came when investors were already feeling nervous about a weak U.S. economy, European debt problems and Japan's recovery from its March earthquake.
Stock markets in Asia began the global rout. The main stock index fell almost 4 percent in South Korea and more than 2 percent in Japan. European markets opened later and fell, too, with Germany down 4.4 percent and France 4 percent.
The Debt Movie Trailer Official (HD)
Twitter.com - Follow Us! The Debt hits theaters on December 29th, 2010. Cast: Helen Mirren, Sam Worthington, Jessica Chastain, Ciaran Hinds, Tom ...
How do I fix credit card debt, I got good info on http://credit-debt-consolidation.blogspot.com/ , need more?
I have $10,000 in credit card debt, and found some resourceful information on the blog with some good links, and I am wondering if anyone has some more.
sure dude, here I found tons more. It'll take a month to read it all.
I've found some good information here too...
http://www.safelinked.info/jump.php?link=debt
Hope that helps.
what is the different between consolidation company and debt free company like Creditsolutions.com.?
I called creditsolutions a minute ago and they told me that they are not a consolidation company. I told them that I have a debt for 16,000. They told me that they can get my debt company to settle for 9,800. and they charge a 15% fee. Does this sounds okay. Please recommend me to some other company but not consolidation I do not want to consolidate I want a debt settlement company. That I would still pay, I heard when these consolidation company pays for me It haunts my credit score.
Please refer me to some website
Companies like that are considered along the same likes of a bankruptcy to the credit bureaus. meaning that it will affect your credit score and rating for years to come. Are they charging 15% of 16,000($2400) or 15% of 9,800($1470)? It might be beneficial to weigh other options that you have available before deciding.
Alex Myers
Synergy Mortgage Group
(877)428-3328
Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.
Take a good hard look at all the options and plans offered, and don't let a single company pressure you into something you just can't do. Make sure that you're comfortable with the plan offered before you commit to it.
In any case, it doesn't hurt to investigate debt consolidation as an option. It doesn't cost you anything to find out more information about it.
If you want a place to start your investigating, there's information and listings for debt consolidation providers on the page listed below. You'll probably find something of use there:
http://axalda.info/debt-consolidation.html
Meanwhile they charge you 15% of the total amount of debt as their fee. So if you are $20,000 in debt you are charged and additional $3000 for the service. They will ask you to set up a separate savings account to save for settlement offers that become available while still paying your monthly fee.
In some cases if you have a bankcard like Wells Fargo and you also have a bank account with them they will ask you to close the account because during tough negotiations WF may "freeze" your bank account and you can't get your own money.
In some cities and states creditors will sue debtors in which you will have to appear in court and a judgment may be placed against you. This also shows "bad" on your credit. Meanwhile you are still enrolled in the program and they are still charging you the fees.
If you still want to go with this service please take note that you can ask at anytime to remove a creditor that will usually lower your fee, but then you are left to handle that creditor yourself.
If you are annoyed by the harassing calls...Credit solutions cannot stop creditors from contacting you period. Although they may appear to be able to.....creditors by law have the right to contact you there is not limit on how much...just when not to b4 9a not after 9p---> unsure if these times are still correct (but you get the point).
If I were you...I would pick up a book at Barnes and Nobles
The Idiots guide to Beating Debt or Credit repair kit for Dummies...these are good basic resources. You can settle the debt yourself. and have late charges not show up if you negotiate it...I wouldn't recommend creditsolutions.com You will put yourself in more debt.
Your debt is $16,000 you pay CS $2400 to settle it. Keep in mind that the 9,800 is just an estimate there is not guarantee that they will settle for this amount could be more or less and you may be obligated to pay the full amount as part of the settlement offer. Sometimes CS can negotiate payment terms, but not always. (Ex you just started the program 2 months ago they settle for 9800 and want the payment in full..thats great if you have 10,000 laying around but if you don't then you miss the offer)
Email me if you have any questions...
Does anyone knows about the liquidela.com program to help you cancel your debt?
I receive a call today from the Company calls Liquidela.com. I'm very bad with my credit cards and they helping me to cancel 35% of my debt with 0% interest until you cancel your debt.
The person who I spoke to looked very sincere. I checked their website and this Company has 30 years helping people with debts.
I'm a littler scare to sign the contract and making the final decision.
Have anyone heard about this Company and what do you think?
First, call legal aid, it is free. Look it up for your state and speak to them first. Never sign anything without a lot of research and advise from a neutral party like legal aid. Some services do exist to give you guideance and may involve paying a smaller fee or using a "sliding scale" where you pay based on income etc... so check in phone book for a credit counselor. Perhaps google "social services" for your state to see what is available. Many crooks out there, be careful. Free tip- you can call credit card companies yourself and make deals by asking them to cut bill in half by telling them that is all you can afford, many will work with you b/c if you go bankrupt they get nada. I had a very mean, nasty unprofessional bill collector giving me a hard time so I had a lawyer call and I told the collector I'd have to gobankrupt and they became much more pleasant and worked with me on a plan I could afford. They hope to reclaim some money at least and you can be your own liquidela..and write letters about any charges you dispute and they must reply, check your credit report as many people find errors.
What you can do, is look in the phone book, and find a nonprofit credit counselor in your area. The good ones are free, or nearly free. And there shouldn't be a contract to sign. Ask them what they think of this liquidela.com place.
Is it illegal to ask for people to help pay my debt? I have create a site call helppaymydebt.com.?
My question is: Is it illegal to ask for help online to pay off my student loan debt or my credit card debt. I just created a site to ask people for donations to pay my debt off. One of my friend's said that it was illegal. I told him how could it be illegal to ask for donations if there is no fraud involved. The site is helppaymydebt.com. Someone please help me with this question.
As long as you don't misrepresent what it is for, it's not illegal, but you will probably have to declare it as income when you file your taxes. Do you have a job? If you have no other means of income, you'll have to pay a self-employment tax as well. Better go to an accountant or tax preparer when it is time to file your taxes so you don't end up having to pay penalties and interest. And, good luck to you.
Many of the small "dot-com" companies got financing in the form of an instrument called convertible debt.?
Many of the small "dot-com" companies got financing in the form of an instrument called convertible debt. This is like ordinary debt, in that it pays a regular interest amount. But debtholders have the right to convert it to equity.
Why do you think these companies chose this instrument? Do you think it was a good idea?
Remember: there's no 'free lunch'. If a company offers creditors an option to convert the bond into stocks it must be giving them something of value. It should get something in return...
There are two ways to think about why a company would issue convertible debt -- one is the right way to think about it, and the other is the wrong way to think about it. Your question indicates to me that you are interested in the wrong way, so I will give you both reasons.
Many people think about it as a way to get cheap debt. These companies are very risky, so if they issued straight debt (what you call ordinary debt), they would have to pay a very high interest rate. But by including an option to convert into equity, they are giving away some of the upside potential of the firm. Since they are giving away something, they expect something in return -- and the thing they expect is a lower interest payment. A typical company might be able to issue straight debt at 13%, but issue convertible bonds at 7.5%. This seems to represent a great savings.
It is really tempting to think that the company is interested in issuing debt at a low price. But the fact is that firms that are growing at a very high rate should not be financing with debt. Doing so increases the risk of their equity by a large amount. In addition, these firms will need new financing, and when you have a lot of debt, it is hard to get new financing. They will only be able to get new financing if the debt they have turns into equity.
So, what these companies really want to do is issue equity. The problem with that is that a company's equity value usually falls when they come out with a seasoned equity offering. The reason could be because of informational asymmetries. Think about this. If a company was undervalued, would they issue equity? No -- because they would be giving away part of the value of the firm to the new investors. If they were over valued, would they sell equity? Of course -- because they would be taking value from the new shareholders.
Now, suppose that you are a high growth firm whose equity is fairly valued. You need more cash, and know that selling debt is a bad idea for you. But selling equity would make your share price go down. What can you do?
What if you could sell equity with a guarantee. Tell the buyers that you will sell them equity -- and if the stock price doesn't go up, you will buy it back. Then tell them that you will even pay interest on the money until the stock price does go up. Doesn't this sound like a convertible bond? The correct way to think about a convertible bond is that the company is selling equity with a guarantee.
Is this a good idea? The answer is that it depends. It is a great idea if the firm is confident that the convertible bonds will be converted into equity. In other words, you don't want to guarantee the price on your stock unless you think you won't have to make good on the payment. It could also be a good idea if the firm knows that it won't need new funding in the future. This is rarely the case with growth firms, though.
So -- summary -- you can think about it as getting debt with a low rate where you are giving up your upside potential. Or you can think of it as selling equity with a guarantee. The second method makes more sense.
If I was to use National debt.com to help with my debt, would that in turn affect my credit in anyway?how bad?
I second Consumer Credit Counseling Service. They're reputable, non-profit and nationwide. While you're under a debt management plan, you may appear as a late payer or have a note on your credit report that you are under a payment plan. While that it isn't great, it is the first step to improving your credit in the long run. Good luck!
Is lendingtree.com is good for debt consolidation and is it safe to apply on line?
Lendingtree is just a clearinghouse. If you apply with them your reports will probably be hit by a massive amount of inquiries. That will seriously drive your scores down
It would be best if you checked with your own bank or credit union. If you do not belong to a credit union, join one.
Has the debt relief company www.creditsolutions.com worked for anybody?
My Fiance and I are currently enrolled into this program. Has it worked for anyone?
you need to be careful many places like banks look at that credit solution no different than filing bankrupts. i took a budgeting class that talk me that. plus they do not always clear everything on a consistent bases. look at the better business bureau before you go further.
Continued >>>Partypoker.com - outstanding debt (What's the worst that can happen ie. $2000 debt)?
Partypoker.com - outstanding debt (What's the worst that can happen ie. $2000 debt)?
My location is Canada Ontario and they are licensed in Gibraltar. Tell me what the conditions are since location as others mentioned to be important. Is it true that nothing will happen? It's hard to tell who to believe when alot of people have different opinions. By the way, King Cobra and everyone who seriously wrote and took the time to reply Thanks!!!
I guess it would depend on Canadian law. Is Party Poker completely legal to play in Canada? If it is, it is possible that Party Poker may simply sell your debt to a Canadian debt collection agency. You will then be hounded by them until you settle. This could also affect your credit.
Alternatively, if Party Poker is not legal there in Canada, or it is a legal gray area like it is in the US, then they will probably do nothing except blacklist you, making it harder for you to sign up and play with any major poker site.
In any case, you need to stop what you are doing. You can't go racking up $2,000 gambling debts with money you don't have. Sooner or later that is going to catch up with you, even if you get away with it this time.
Does anyone have experience with Vision Debt.com?
I have read a lot of great things about this company but I wanted to know if any one has ever used vision debt.com. I am thinking about using this company to help get me out of debt. Please let me know. Thanks!
they are just like a number of other companies in this business -- i just think they are a waste of time since they do not do anything the average person can not do on there own!!!
debt com - News
General Growth shares slide on concerns over debt - Forbes
Providence Business NewsGeneral Growth shares slide on concerns over debt Some analysts have suggested General Growth's debt squeeze could force it to seek bankruptcy protection, but such a move isn't imminent, General Growth Facing Deadlines on Two Debt Payments General Growth Properties (GGP) Has More Debt Payments Due This Month General Growth requests further loan extension: report -
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LIPA inks $434.9M loan deal, adding to billions in debt - Newsday LIPA inks $434.9M loan deal, adding to billions in debt BY MARK HARRINGTON | mark.harrington@newsday.com As civic leaders railed yesterday against the Long Island Power Authority's crushing $6.72-billion debt, Advocates Call for Bailout from ‘LIPA-Suction’ LI activists call for federal 'bailout' of LIPA Fix LIPA group wants feds to help |
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XTO Energy reset hedges to reap cash, pay off debt The move puts the independent US oil and gas producer a long way toward its goal of paying off $1.25 billion in debt as it proceeds more cautiously after XTO Energy Inc reports hedge monetisations and reduction in debt XTO raises $900 million by settling gas hedges XTO Energy adjusts hedges to pay down debt |
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Brazil to Lend Companies $20 Billion for Foreign Debt 14 () -- Brazil’s central bank will lend more than $20 billion to companies having difficulty rolling over international debt, bank President Brazil to lend $20 bln to co's from reserves-cenbank |
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Alabama county sidesteps latest debt threat - Forbes Alabama county sidesteps latest debt threat The agreement between Jefferson County and some of the same creditors already owed $3.2 billion of soured sewer-system debt extends a standstill pact |
