Himachal lost Rs 66 cr of debt-waiver: CAG

Shimla, Apr 13 : Himachal Pradesh failed to get the debt waiver benefit of Rs 65.75 crore under Debt Consolidation and Relief Facility programme of the Centre for failing to reduce the state’s revenue deficit as per norms, according to the national accounting watchdog CAG.

Decided to Use a Debt Consolidation Firm? Creditinfocenter.com Has Some Tips

SCOTTSDALE, AZ–(Marketwire – April 11, 2011) – If you are finding yourself underwater in credit card debt and you are thinking of reaching out to a debt consolidation company, Kristy Welsh of Creditinfocenter.com has put together some helpful hints you should follow when looking for a debt consolidation company .

Why Choose Us for your Debt Consolidation Needs

Our Debt Consolidation Program is actually quite simple. Your current level of unsecured debt will be skillfully negotiated for you, and essentially you will end up paying a fraction of the debt. Generally, we reduce your debt by 40-60% of the current total. We will set you up with an affordable monthly payment, which is determined on a client-by-client basis between you and a counselor at DebdDeal.com. Based upon what you are able to pay each month into your debt consolidation account, we can determine how many months you will be part of the program, and know that you will ultimately be debt free. Throughout the program, we communicate with your credit card companies, and creditors, on your behalf, and you will no longer be dealing with burdensome phone calls and letters from your creditors.

Upon enrollment, we will immediately contact each of your creditors, individually, and let them know that we are now representing you, and also let them know of your interest in settling your debt with them. Reaching a debt consolidation settlement usually takes several phone calls and communication between DebtDeal.com and the creditor. Once a debt settlement offer has been reached and you as the client have agreed to the offer, we will obtain that debt settlement offer in writing from the creditor. We will then advise you on how to disperse funds to the creditor.

At that point, the creditor has accepted the payment in full, and you are free of that debt forever. DebtDeal.com will diligently continue to work on consolidating all of your debts, until you are finally free from the once overwhelming debt burden that you started our debt consolidation program with.

Our main goal is to get you out of debt. We work only for our clients; not for the benefit of the creditors. Becoming debt free is the first step to becoming financially secure, and a debt consolidation settlement is your best option.

Finmin urges fiscal consolidation, debt cap

The government should start fiscal consolidation beginning in April by reforming spending, eliminating its revenue deficit, and putting a cap on government debt, a finance ministry report said on Thursday.

Debt Consolidation & Your Credit Report: The Correlation Explained (Marketwire)

With Debt Being a Part of Everyday Life for Most Americans, Consumer Advocate TotalDebtRelief.net Breaks Down the Effect Which Debt Consolidation Has on One’s Credit Report

Credit Card Debt Relief Options Explained by TotalDebtRelief.net

CHICAGO, IL–(Marketwire – 01/18/10) – Credit card debt continues to be a serious issue facing a growing number of Americans. One could argue that the U.S. economy itself is entirely built on the premise of consumer spending and consumer debt. Yet credit card debt can quickly spiral out of control, particularly during the Christmas shopping season. And now it’s time to pay the piper. The damage …

MediaNews holding company restructures debt (Daily Breeze)

The holding company that owns the Daily Breeze, Los Angeles Daily News and Long Beach Press-Telegram has agreed to restructure $930 million in debt, the Denver-based firm announced late Friday.

Deutsche Bank Says Buy Irish Bonds Versus Spanish Debt on Growth (Bloomberg)

Jan. 18 (Bloomberg) — Investors should buy Irish 10-year government bonds and sell Spanish securities because Ireland has less debt to sell the rest of this year and its exports may help the economy grow faster, Deutsche Bank AG said.

UPDATE: UK Lawmakers Seek Clarity On Government Debt Reduction Plan (Fox News)

UPDATE: UK Lawmakers Seek Clarity On Government Debt Reduction Plan

UPDATE: UK Lawmakers Seek Clarity On Government Debt Reduction Plan (Nasdaq)

LONDON -(Dow Jones)- A key committee of U.K. lawmakers has urged the government to provide greater clarity on its debt-reduction plans, adding to the pressure on the treasury to step up its fiscal-consolidation efforts.