Financing company GMAC said in a regulatory filing Thursday that about $16.9 billion, or 58 percent, worth of its notes have been tendered as part of a plan to swap $38 billion of debt and amass enough regulatory capital to become a bank holding company.
Debt relief companies don't do anything you can't do yourself - and they ruin your credit doing it.
German Finance Minister Peer Steinbrueck singled out British Prime Minister Gordon Brown for criticism in a "Newsweek" interview, accusing him of switching to economic policies that would saddle a generation with debt.
One way to do that is to absolutely, no matter what, avoid the trap of retail store credit cards.
You've heard the confessions. Now find out what you can do to stop these dirty debt seekers.
They'll lie, they'll cheat and sometimes they'll even break the law to get you to pay up. Here's how you can protect yourself.
Stay away from any so-called 'debt repair' companies. Many of them will just leave you even deeper in the hole.
Look for whatever stimulation proposal to come out of the Obama administration to be focused on infrastructure spending, expect banks to sell a lot of debt and the Fed to cut interest rates again, if necessary.
Why you should avoid the 'subprime' of credit at all costs.
The travel industry is bracing for a painful holiday season as people scale back their discretionary spending. But that is good news for anyone who has yet to book a winter getaway, with hotels, airlines and cruise operators introducing last-minute deals to entice vacationers, the New York Times reports.
Watch the exclusive segment here to find out what John Ulzheimer recommends.
Our credit expert fields your questions on everything from debt settlement to Citigroup's new interest rate hike.
More of Carmen's tipf for how to make it through the holidays credit free.
Your FICO score is the be all and end all of your credit report, right? Wrong.
Carmen explains how the price for owning a prepaid debit card is simply too high in this web exclusive.
GE Capital said it received approval for the Federal Deposit Insurance Corporation's temporary liquidity guarantee program under which the government guarantees certain banking debt.