Originally posted on CNN

 

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America’s total debt load is on pace to top $13 trillion this year, and $22 trillion by 2020 — and that’s just the debt we’re counting.  Read More →

Thanks to CNN for its interviews with former and present debt collectors, giving us a clue to what makes these people tick. Check out the story of these people. Like, Mel Harsh, a debt collector for 20 years, with only one week left with an auto finance company. “I was absolutely ruthless when I first started  Read More →

More Must be Done to Protect Debt-Strapped Consumers from Scams Washington, D.C.—The Consumer Federation of America applauds the Federal Trade Commission for new rules that were announced today to curb abuses by debt relief services.  These companies offer to help consumers who are struggling with their finances by negotiating lower interest rates,... 

Debt collectors are getting desperate and dirty.  Read More →

A summary of this week’s top credit card stories. DEFAULT, NOT THRIFT, PARES COUNTRY’S DEBT Consumers in the United States are paring down their debts faster than many economists had expected. The falling debt burden conjures up images of a nation seeking to repent after a decade of profligacy, conscientiously paying down mortgages and... 

It’s dawning on people that getting a handle on burgeoning U.S. debt will be a long and hard process.  Read More →

Fears about the fallout from a growing debt crisis in Europe dragged on Wall Street Thursday, sending the market to its lowest close in three months, with stocks hit across the board.  Read More →

If President Obama’s 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country’s accrued debt over the next decade, according to a preliminary analysis from the Congressional Budget Office.  Read More →

How to get the federal budget back on the right track? Here are just two ideas from the co-chair of the president’s bipartisan debt commission: Rein in tax breaks. Set hard caps on federal revenue and spending.  Read More →

When it comes to using your resume to apply for a job, it’s important to remember that form matters just as much as content.  A nice looking resume can’t make up for one that is full of spelling errors, typos, and factually incorrect information.  However, an unattractive resume can completely undermine even the most impressive  Read More →

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