debts

Dubai World's debts won't be guaranteed by the government

November 30, 2009 - 8:48am | Analytics | News

Dubai government doesn’t intend to guarantee Dubai World's debts, government official said on Monday. That means creditors will be affected by the conglomerate's restructuring in "the short term".

As Abdulrahman al-Saleh, director general of Dubai's department of finance reported, market reaction to Dubai World's announcement last week was amplified and did not match the extent of the conglomerate's woes.

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Government to prevent credit card companies lure users into higher debts

July 2, 2009 - 12:13pm | News | Plastic cards

Attracting customers into higher borrowing by credit card firms will be outlawed by the Consumer White Paper to be published today. Particularly, raising credit limits without the prior approval of customers will be prohibited while credit card firms will be obliged to stop sending unsolicited credit card cheques through the post. Moreover, rise of interest rates on existing debts will be unlawful for credit card firms while they will be retained from putting repayments towards the cheapest debts.

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Intabill owes funds to cover its debts

May 28, 2009 - 4:00pm | News | Other themes

According to RecentPoker.com, Intabill, an Australian online e-cash processor owned by BT Projects Pty Limited, owes A$30 million, 3 million of this to four top online poker companies. Among those affected are PokerStars.com, Full TiltPoker.com, Golden Palace.com and Absolute Poker.com - all fortunately strong enough to withstand any financial backfires caused by Intabill's apparently parlous situation.

debts | e-cash processor | Intabill | owing money

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Can credit counseling service improve your financial situation?

April 29, 2009 - 9:40am | Articles

The mountain of credit bills can really make your life miserable. It becomes more and more difficult to control your finances when interest rates are rising, terms are changing, and various fees and penalties are getting tacked on to your account balance each month.

Numerous credit counseling agencies offer easy solutions for people who are facing financial difficulties.

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What to do when the debt collector calls?

April 20, 2009 - 11:23pm | Articles | Other themes

Imagine that it’s nearly 8 p.m. and you are sitting home with your family and watching TV when the phone rings. You answer and the voice on the other end tells you that the purpose for his call is to collect a debt. You owe, for example, $5.000 to your credit company. If you don’t cover your financial obligations, he threatens to arrest you. What can you do in this situation?

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How can you become free from debts and increase your revenue?

March 18, 2009 - 6:13am | News | Other themes

Financial Freedom Success System offers a new solution to individuals that face credit card debt. As statistics reveals the average person's household credit card debt equals $9,840 and more. The individual bankruptcy is anticipated to reach a record volume of 1.1 million for the year. But there is a person who intends to help people to recover from their debts.

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HSBC will raise $18 billion from shareholders

March 2, 2009 - 6:05am | Banks and internet banks | News

According to the Reuters report, on Monday HSBC is implementing a rights issue to raise up to $18 billion to shore up a balance sheet showing strain from a sharp rise in bad debt in the US. The rights issue would be the biggest in Britain if it excels the 12 billion pounds raised by crisis-struck rival Royal Bank of Scotland last April.

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