Friday, November 21st, 2008
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*National Altona Illinois credit counseling site offers financial education and debt counseling.

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Altona IL Debt Consolidation Services



Altona Illinois Information

For Altona IL residents, a debt consolidation or debt management program could be your key to debt free living. The counselors with Debt Central will work with you to create a debt management plan which is suited for your life and will enable you to achieve financial freedom. A popular statistic states that "On average Americans carry $5,800 in credit card debt from month to month. If one were to make only the minimum payment on that debt every month, it would take 30 years to pay off - and include an additional $15,000 in interest." [compiled from www.cardweb.com]. The counselors can help you beat that stat.

To learn more about a debt consolidation program, fill out the form on the bottom of the page - and a counselor will be in contact for a free consultation!.


An interesting read for Altona IL residents...



Fannie Mae, Freddie Mac halting foreclosures (AP)
AP - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.
 
Fannie Mae, Freddie Mac to suspend US home foreclosures (AFP)

The Freddie Mac headquarters in McLean, Virginia. The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.(AFP/File/Paul J. Richards)AFP - The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.


 
Banks, raters face subprime lawsuits and new rules (Reuters)
Reuters - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday.
 
China fund in talks for stake in AIG unit: report (Reuters)

People stand outside the American International Group (AIG) offices in New York September 17, 2008. (Shannon Stapleton/Reuters)Reuters - A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a stake of up to 49 percent in American Life Insurance Co, a unit of U.S. insurance company American International Group , the Nikkei financial daily reported.


 
UK mortgage lending down 44 pct from a year ago (AP)
AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.
 
October's Drop in Prices and Housing Starts (BusinessWeek Online)
BusinessWeek Online - The current U.S. downturn continues to generate remarkable moves in economic data. Consider the reports on U.S. consumer prices and housing starts for October, released on Nov. 19: The headline consumer price index (CPI) registered its largest monthly decline in 61 years, while housing starts reached the slowest pace of activity in the history of this data series.
 
May 5th, 2008

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