Debt Management

Debt Management Credit Counseling Relocates Office to Lighthouse Point, FL

Debt Management Credit Counseling Corp (http://www.dmcconline.org), a nonprofit charitable organization ("DMCC"), announces new office location. New location is on a major South Florida thoroughfare and retail front, providing increased opportunity to assist local residents. DMCC provides free counseling and debt management plans to assist consumers with the repayment of their debt.Lighthouse ...

Glencore Bonds Show Xstrata Merger to Lower Debt Rates: Corporate Finance

Glencore credit-default swaps have fallen more than any other European contracts this past month, beating Italian banks UniCredit SpA and Unione di Banche Italiane SCPA. The cost of insuring debt of the world’s largest listed commodity trader plunged 53 percent to 217 basis points since Jan. 3, with the rally accelerating last week, according to CMA prices.

Debt company clients may owe creditors

HUNDREDS OF customers of a Dublin-based debt-management company could owe thousands of euro to creditors. This follows a Central Bank inspection that exposed shortcomings in how the company handled clients’ money.

Glencore Debt Shows Merger Will Reduce Rates: Corporate Finance

Glencore International Plc debt investors are betting that an $88 billion merger with miner Xstrata Plc would lead to lower borrowing costs.

Can wages be garnished for old debt?

Editor's note: This column is a continuation of the column that ran Feb. 2, "Young mother with old debt fears collectors." Dear Debt Adviser,Your article, "Old debts won't hurt new loan," ...

Central Bank warning over debt company

The Central Bank has made contact with the creditors of clients of a Dublin-based debt management company asking that people whose bills have not been paid by the company be treated “sympathetically”.

BSP exempts govt debt papers from tainting rule

THE Bangko Sentral ng Pilipinas (BSP) has exempted government securities from the “tainting” rule to ensure banks take part in the country’s debt management program.