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Debt Collectors Buying Bad Debts Make a Killing in a Bad Economy

Debt Collectors Charge Ahead in Faltering Economy San Diego Business Journal, CA - 2 hours ago For the like period last year, the company spent $134 million to buy $5.1 billion in bad credit card debt . The sellers are the usual suspects, …

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Fewer children in state care program – Milwaukee Journal Sentinel

Ongoing Journal Sentinel investigation details how parents and child-care providers work in cahoots to easily scam the $350 million Wisconsin Shares program. Read the series and ongoing coverage The number of children in the state’s subsidized child …

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Feds may demand caregivers’ prints – Milwaukee Journal Sentinel

Ongoing Journal Sentinel investigation details how parents and child-care providers work in cahoots to easily scam the $350 million Wisconsin Shares program. Read the series and ongoing coverage Child-care providers across the nation would be …

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Personal Finance Roundup

Six personal finance books with lasting lessons — even for tots [The Washington Post] “A sampler of books for all ages to whet your personal-finance appetite.” How Divorce Affects Your Social Security (Or Not) [Wall Street Journal] “Here are the general requirements for collecting retirement benefits based on an ex-spouse’s earnings.” 20 Money-Saving Ways to Reuse Old Pantyhose [Wise Bread] “Here are 20 creative ways to repurpose today’s worn out nylon pantyhose, even if you’re not planning to rob a bank.” How to give when the giving gets tough [CNN Money] “13 creative ways to maximize your charitable impact without writing a huge check.” 10 Tips for Selling Your Home in the Sluggish Winter Months [US News] “What you need to know to sell your home in the off-season.” — FREE MONEY FINANCE (Photo: Mike Rollerson )

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FDIC : 12% of Georgians lack bank accounts – Atlanta Journal Constitution

By Staff and wire reports The Atlanta Journal-Constitution About one in eight Georgia households — 457,000 in all — lack bank accounts and instead rely on payday loans, check-cashing services and other costly alternatives to traditional banks …

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Tiger Ad Bears Hidden Truths

Spotted by TMZ, this ad , which trumpets Wood’s off-roading ability, ran in Monday’s Wall Street Journal. (For those who aren’t glued to celebrity gossip sites and need a Chinese, computer-animated re-anactment of how events might have unfolded at the Woods estate, here you go .) Tiger Woods — The Definition of Irony [TMZ]

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Banks Have Lent to the Wrong People for Decades – elliottwave

A chart from the Wall Street Journal, 11/11.09] shows that banks are choosing to invest new money in federal agency debt—which is all consumer debt—and Treasury debt. Creditors are finally coming to realize that individual debtors’ means of …

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In Shares, forget the broad brush – Milwaukee Journal Sentinel

Ongoing Journal Sentinel investigation details how parents and child-care providers work in cahoots to easily scam the $350 million Wisconsin Shares program. Read the series and ongoing coverage Wisconsin Shares, a program designed to help the …

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What’s the best way to attack my debt? – New Pittsburgh Courier

Your money problems are far more common then you can imagine. According to the Wall Street Journal, 70 percent of Americans are living paycheck to paycheck. Respondents to surveys are generally people who are subscribers or readers of the publication …

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New Rules and More Lies Hide Cancerous Commercial Real Estate Loans – HoweStreet.com

Commercial real estate is blowing up so what do regulators do? The answer of course is to come up with new rules and regulations that will allow banks to ignore losses. On October 31 the Wall Street Journal reported Banks Get New Rules on Property …

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Next big worry: Credit cards

Next big worry: Credit cards The News Journal, DE - 1 hour ago In past years, consumers looking to get out from under credit card debt tapped into home equity, refinancing mortgages to get their hands on cash to pay off …

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