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Finding Yourself in Debt

19. March 2010

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It is not a crime to find you have debts that you cannot afford to pay, It is something that happens to tens of thousands of people often through no fault of their own. Here is the story of Jack, (not his real name). Through credit cards and other loans and overdrafts, Jack found that he [...]

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Invest for a secure future

4. March 2009

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The world of financial investment lies outside the knowledge of most average Americans. Even among those financially literate, “investment” usually means little more than a sum of monthly savings into a financial vehicle run by someone else, usually an IRA or mutual fund of some sort. While this is laudable, it does little to increase [...]

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US Senate In Favour Of Bailout Bill

3. October 2008

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The Senate approved the revised $700 billion rescue plan designed to save the weakened US financial system. The 74 to 25 “in favour” vote means the bill now can move forward to the House of Representatives, who still have yet to decide whether or not to give the green light. The original bill, which favoured the [...]

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Washington Mutual Shut Down

26. September 2008

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In one of the largest banks to fail in US history, Washington Mutual was effectively shut down by the Office of Thrift Supervision, or OTS, before it ran out of cash. Worried depositors withdrew a massive $16.7 billion in deposits since 15 September. The OTS decided to step in before matters got worse and before selling [...]

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Tips To Beat The Credit Crunch

16. September 2008

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With the recent collapse of Lehman Brothers, Wall Street plunges, and global economic turmoil no wonder consumer and industry confidence continues to drop. Analysts predict the UK is heading toward recession, if we’re not in one already, and things will not get any better through 2009. Many people have already begun the somewhat painful pinch of [...]

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