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According to the BIS report, UK is in the danger zone for government, company and household debt. High levels of debt are preventing the growth of economy.

Debt on student loans increases constantly. It has even outpaced credit card debt. Default rate grow, especially in for-profit colleges.

Student loan debt may increase up to $1 trillion by the end of 2011. The current amount has already surpassed credit card debt rate.

Arkansas Attorney General filed a lawsuit against the debt collection agency providing illegal practices. It collects debts on payday loans.

Debt ceiling issue is still being issued by the Congress and the president. Social Security and Medicare may be at risk if the debt limit is not raised.

Debt collectors may not call your employer once you notify them in writing not to do so. You are protected by the Consumer Credit Protection Act of 1968, which limits how debt collectors can approach individuals with debt.

Potential clients ask me all the time what it means if their credit report says that a debt was "written off" or "charged off." Their wishful thinking wants it to mean that the debt doesn't exist anymore and they will not have to deal with it ever again.

Do you talk to your children about money and debt? Many parents never do. In fact, according to one survey, fewer than 40 percent of parents talk to their children about debt, credit cards, bills and money. Some parents might have good intentions, but many just don't get around to teaching their children about money, or don't know how to approach the subject. Others think kids don't need to know about their parents' finances.

When my husband and I got married in 1991, there was no way we could afford a house. I had student loan debt, we had wedding debt, and I had credit card debt from my last 2 years in graduate school. So, we rented an apartment for the first two years of marriage. Apartment living really wasn't that bad, but when I became pregnant, we decided to start our search for a home.

Though, the declining rate of credit card debt has its dark side. TransUnion performed data proving that people just started to blow off their mortgages and pay the credit card bills instead. This happens due to the fact that consumers don't want to lose the access to their credit cards as it is important for people on the financial brink. Moreover, some issuers who write off or sell balances which have defaulted in order to reduce credit card debt.

In fact, credit score has a strong impact on personal ability of staying out of debt and getting out of debt. Besides, the level of your credit score determines the interest rates you will be charged on the amount of money you borrow. Thus, if your credit score is bad, the interest will be higher, and if it's good, you will be able to repay your debt faster as it will cost less for you. Actually, it' really worthy to learn your credit score from major credit rating bureaus - Experian, TransUnion and Equifax - however, it's very important to know about the ways of its improvement.

Debt consolidation companies offer help for parents who want to consolidate student loans. Lines of private counseling are opened.

A lot of homeowners try to consolidate personal debts on home loans with home equity at lower rates. Does it worth the taken risk?

Borrowing interest rates on mortgages and other loans for consumers may increase due to the downgrade of US debt. Consumers should be ready for the effects.

Learning to market to your target audience affectively takes dedication and sometimes grueling hard work.

Learning to market to your target audience affectively takes dedication and sometimes grueling hard work.

Good spending and saving habits are the key to reach financial success. But, there are also a lot of bad financial habits that can lead you into debt. Here's a PPT that shows 7 bad financial habits you should break to avoid debt trap.

Despite the fact that there were considerations that some of US states are going to file bankruptcy because of the budget matters, debt settlement plan are still referred to be more likely.

Have you got attached in a credit card debt rotation that makes you exhausted and irritating? Isn't it the right time for restraining your debt? Well, it's decisively the right time for credit card solutions which should be selected carefully.

According to President Barack Obama's federal budget plan for the year 2012, the total US public debt held by the nation will continue to accumulate beyond its present $14 trillion level over the span of next 10 years.