Mini Credit Recap of Yesterday

This was sent to me by a friend of the blog and captures some of the issues which confronted the credit markets and which I think will re-emerge ... . Masonite, a KKR owned Canadian company, bought some time to restructure its debt, but too late, the LCDS (loan-only CDS) are triggered because of a missed interest payment. Meanwhile the 30 year [more...]

Date: 2008-11-19 12:09:52

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Shrink Your Debt

From Entrepreneur.com : In general, the best choices for debt negotiation and settlement are unsecured loans and credit cards. Since there is no collateral that can be attached to satisfy the debt, creditors are more likely to negotiate to avoid writing off the entire debt. The two most common approaches for debt negotiation are to pay a lump sum that is less than the total amount owed, or to restructure the payment schedule with lower monthly payments. [more...]

Date: 2009-09-14 14:00:00

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