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Latest Debt Recovery News

Showdown over tax rate is continued until new year (The Sharon Herald)
A hearing Friday to consider raising Greenville?s earned income tax rates above the maximum allowed by law was continued because borough council still has a chance to reopen the budget.
Greenville council overrides mayor?s budget veto (The Sharon Herald)
Greenville council members on Thursday voted 6 to 1 to override Mayor Dick Miller?s veto of the 2008 budget of $3,508,387.
Nigeria: OPD - Justice for the Oppressed (AllAfrica.com)
One of the benefits derivable from the advent of civil rule in 1999 is the creation of the Office of Public Defender.
Spanco planning acquisitions next year (CIOL)
NEW DELHI, INDIA: Spanco Telesystems is targeting the $2 billion domestic BPO market in India. The company aims to tap a major piece of the domestic BPO pie, by bringing in international experience in the domestic call centers.
Basel norms (The Hindu)
With Basel II norms kicking off from March 2008 for banks like SBI, which have overseas operations, banks? need for capital would increase. As banks will have to make higher provision for unrated loans, their risk weight will be higher and they will need more capital.
Argentum to upgrade Noida unit (Business Standard India)
Argentum Motors, the owners of the erstwhile Daewoo Motors?s India unit in Greater Noida, will infuse Rs 500 crore to modernise the facility over the next 18 months as it gears up to host Daimler Trucks for the latter?s proposed light commercial vehicle roll out.
Argentum to modernise Daewoo facility (The Times of India)
NEW DELHI: Argentum Motors, the present owners of the erstwhile Daewoo Motors's India unit in Greater Noida, will infuse Rs 500 crore to modernise the facility over the next 18 months as it gears up to host global commercial vehicle maker Daimler for the latter's proposed LCV roll out.

Previous Forum Posts/Comments about debt recovery

Posted on: Nov 19, 08 04:43 pm by: Ben Anderson
debt management companyCan any of you give me some advice about this?...

"OK" debt typically has an interest rate that's less than 10%; some tax advantage; and is due to a purchase whose value increases over time. Think mortgage debt, and even student loans. The first easily fits the criteria: Unless you can afford to plunk down a suitcase full of cash on closing day, bypassing a banking loan is not an option for most.

Posted on: Nov 18, 08 08:38 pm by: Stephen Vanderhoven
debt eliminationI thought that this was awesome when I first read it...

The more cautious lot of lenders will immediately reject the applications. The remaining lenders provide for the security of the amount lent through a higher interest rate. Lenders may peg the interest rate according to the risk perceived.

Posted on: Nov 17, 08 11:42 pm by: Amy Sagustume
yahoo personal financeI thought that you should all take a look at this...

"You have an obligation," Martin says. "They don't care about personal circumstances. They have to be paid off.

Posted on: Nov 17, 08 12:05 pm by: Rudy McGee
debt management consultantsCan any of you give me some advice about this?...

a sizable part of the population has defaulted at some point of time in the past. Loan providers are not as generous to the people having a bad credit history as they are to people like us. Whatever be the reason of the default, loan providers always believe that the borrowers intentionally default on the loan.

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