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S&P warns it may downgrade Fannie, Freddie credit
(07-15) 12:55 PDT WASHINGTON (AP) — Standard & Poor’s warned mortgage giants Fannie Me and Freddie Mac on Friday that they may lose their top credit ratings if lawmakers don’t raise the U.S. government’s borrowing…

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A credit default will hurt everyone
A credit default will hurt everyone

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Class Action Lawsuit Alleges Collection Agencies Credit Card Offer for Debt Repayment Contains Multiple Fair Debt …
Texas Class Action lawsuit filed by Weisberg & Meyers, LLC, Attorneys for Consumers, alleges Defendants Genesis Financial Solutions, NCO Portfolio Management and WebBank’s offer for a pre-approved Pearl Card® Gold MasterCard® was a debt collection communication that may have misled unwitting debtors to waive important Fair Debt Collection Practices Act rights. (PRWeb July 14, 2011) Read the full …

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Why credit card usage is up
There are recent signs the credit card holder is back. But is it in a positive way? Figures are rolling in about more credit card spending, a trend that has been on the decline since the Great Recession took hold.

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Retailers’ credit cards offer incentives but can also pack high interest rates
Retailer rewards cards are getting a whole lot more rewarding lately, with some offering 5 percent cash back on your purchases along with other goodies.

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YOUR CREDIT RESOURCE: Debt assistance could hurt business owner’s credit
Q. I am the owner and only employee at my small business. I have some debt because of business expenses. Recently, I received a notice from a debt assistance company that says it helps small businesses. It said I was eligible for up to $39,000 in debt relief. Is this a good deal, or is it too good to be true?

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Cash in on credit card sign-up bonuses
It’s easy to make money from credit card sign-up bonuses, but you have to know what you’re getting into.

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Moody’s to review U.S. debt, may downgrade credit rating
Credit rating agency says it will review the federal government’s triple-A bond rating because the White House and Congress are running out of time to raise the nation’s $14.3 trillion borrowing limit and avoid a default.

Read more on Oakland Tribune

Warning over US credit downgrade
Moody’s Investors Service has threatened to lower the United States’ credit rating, saying there is a small but rising risk that the US government will default on its debt.

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Moody’s warns it may downgrade US credit rating
Moody’s puts US government debt on review for possible downgrade, as time runs out to raise the nation’s borrowing limit and avoid a default.

Read more on WSPA Spartanburg