When just the annual interest payment on that debt hits $723B per year … ouch.

(more…)

The biggest impact of the rollover is with that short term debt 1 year or less. Thus, in that part of the debt , a 1% interest rate would quadruple interest on debt . Even the President has projected this rapid rise in interest over the …

(more…)

default@goarticles.com (Julian Lim) wrote an interesting post today onHere’s a quick excerptReducing credit balances can be a chore, but it isn’t.

(more…)

To get the lowest interest rate on a debt consolidation loan, you need to research terms and rates. Lenders realize to remain competitive, they must offer low rates. A difference as little as a quarter percent can save you hundreds a …

(more…)

An American holding two or three credit cards being charged at about 18% p.a., would only be happy to manage and consolidate his owing at 7-10% interest bearing debt consolidation loan. Not only, would he save a lot of money in the …

(more…)

The consolidation of debt , without interest concerns the mechanism that allows you to combine all the loans in a loan without affecting the rate of interest …

(more…)

Steven Feldman wrote an interesting post today onHere’s a quick excerptWhen you think about consumer debt services, you might be thinking that becoming credit.

(more…)

Yet the interest on the public debt was a mere $16.9 billion (page 13 of the MTS report). The reason for this is because as TreasuryDirect points out, in February the interest on public marketable debt (actual cash outlays), …

(more…)

“One side is representing special interests, while the other is trying to give people access to real credit instead of debt . But I am pleased we were able to get it out of committee.” Ruckvam said the industry would continue to fight

(more…)

A collection of some the most thought provoking quotes on being in debt , paying interest , and the types of people who either pay interest , or earn it.

(more…)