10.06.2008

Daily credit repair news

Daily credit repair news

Money scams don't slow down in bad economic times - Los Angeles Times

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Officials at the FTC, which has taken action against about 70 companies that promise credit repair, say they have yet to come across a legitimate business ...

Wall Street tumbles amid global sell-off - San Diego Union Tribune

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As the US tries to repair its battered banking system, the German government and financial industry agreed on a $68 billion bailout for commercial-property ...

5 Scams To Watch Out For During A Recession - The Consumerist

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Credit Repair The Times says that the FTC has taken action on 70% (!) of companies that promise to repair your credit and have not yet found one that can ...

Reliant Energy considering seeking buyer - International Herald Tribune

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As the US economy soured, Reliant was slammed by Hurricane Ike last month and will likely have to spend millions to repair damages. ...

Credit Repair Made Easy - PR-CANADA.net (press release)

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It clarifies much of the hype about credit scores, credit repair and other credit problems. The site owner has gathered information from many sources to ...

US Fuel Cell Council Announces Tax Credit Extension Passed - Fuel Cell Today (press release)

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The tax credit extension, included in the House and Senate versions of the financial bailout bill, was signed by the President shortly after final passage. ...

Dow recovers to close down 370 after plunging 800 (AP via Yahoo! News)

Posted: 06 Oct 2008 04:13 PM CDT

Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points — their largest one-day point drop — before recovering to close with a loss of 370. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will ...

Dow plunges 700 points amid global sell-off (AP via Yahoo! News)

Posted: 06 Oct 2008 01:39 PM CDT

The Dow Jones industrials skidded more than 700 points and fell below 10,000 for the first time in four years, while the credit markets remained under strain. Financial markets took a despairing view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief.

Dow plunges below 10,000 amid global sell-off (AP via Yahoo! News)

Posted: 06 Oct 2008 02:30 PM CDT

Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world. The Dow also fell below 10,000 for the first time since 2004, and all the major indexes fell about 5 percent.

Money scams don't slow down in bad economic times (Los Angeles Times)

Posted: 05 Oct 2008 02:04 AM CDT

The offers -- We'll repair your credit! We'll help you avoid foreclosure! Work from home! -- can seem promising to folks seeking relief. Be wary of such claims, particularly if there's an upfront fee. Bad economic times can be boom times for scammers.

Reliant Energy considering seeking buyer (AP via Yahoo! Finance)

Posted: 06 Oct 2008 05:18 PM CDT

Reliant Energy, which supplies electricity to nearly 2 million customers in Texas and the Mid-Atlantic region, served notice that it may be shopping for a buyer Monday as a credit crisis that has reshaped Wall Street spreads.

Dow plunges below 10,000 amid global sell-off (AP via Yahoo! Finance)

Posted: 06 Oct 2008 02:30 PM CDT

Wall Street suffered through another traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points and setting a new record for a one-day point drop as investors despaired that the credit crisis would take a heavy toll around the world.

Credit crunch? (Northwest Herald)

Posted: 06 Oct 2008 05:44 AM CDT

Don't panic. Those are probably two words left unsaid on Wall Street on Monday when stocks plunged after the $700 billion financial bailout was voted down by the U.S. House of Representatives.

Reliant Energy may be considering sale (Austin American-Statesman)

Posted: 06 Oct 2008 08:22 PM CDT

Reliant Energy Inc., which supplies electricity to nearly 2 million customers in Texas and the Mid-Atlantic region, served notice Monday that it may be shopping for a buyer as a credit crisis that has reshaped Wall Street continued to spread.

Reliant Energy May Be Seeking Buyer (CBS 11 Dallas - Fort Worth)

Posted: 06 Oct 2008 06:23 PM CDT

Reliant Energy, which supplies electricity to nearly 2 million customers in Texas and the Mid-Atlantic region, served notice that it may be shopping for a buyer Monday as a credit crisis that has reshaped Wall Street spreads. The company announced last week that it was forced to raise $1 billion in new capital under less favorable conditions after it failed to meet standards outlined in an ...

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