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Debt Management

NEW YORK (AP) - Fitch Ratings said Thursday it downgraded its issuer default rating for GMAC LLC to "Restricted Default" from "CCC," citing the recent completion of the financing company's bond exchange. The exchange covered about $28.8 billion of ...

Fitch cuts GMAC rating to "Restricted Default" - MSN MoneyCentral

NEW YORK, Jan. 8 (Reuters) – The global economic crisis has made fears of unemployment the No. 1 concern, surpassing worries about poverty, social inequality, crime and violence, a 22-nation survey showed on Thursday. Some 41 percent of people said ...

Survey finds unemployment fears the leading global concern - Manila Bulleting Online

The average age of people receiving debt counselling has also risen in the past three months, from 28 and younger to 39. They earn between R42000 and R62500 a month. During the first five working days of the year, the National Credit Regulator ...

Rich getting poor - The Times

Jan. 9 (Bloomberg) -- Bill Gross’s decision to back out of a $38 billion bond swap for GMAC LLC debt is paying off for his Pacific Investment Management Co. investors now that the U.S. government has bailed out the auto and mortgage lender. Pimco ...

Gross Wins ‘Game of Chicken’ Shunning GMAC Swap as Bonds Soar - Bloomberg

It’s a tradition for folks to talk about shedding unwanted pounds when the New Year rolls around. The No. 1 New Year’s resolution for many will be climbing out of debt, experts said. “From all the talk I hear, the No. 1 thing people are ...

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