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What does all of this talk about default really mean?

Oct 16, 2013
Make no mistake, if the U.S. government defaults on its debt obligations, it will be a catastrophe. But the media has been misusing the term.
Posted In: debt ceiling, default, government shutdown 2013

A debt-ceiling roadmap to ruin?

Oct 15, 2013
The paydays that could prompt a government default if a debt-ceiling deal collapses.
Posted In: debt ceiling, U.S. Treasury, default, Social Security

Who does the U.S. actually owe $16.7 trillion to?

Oct 2, 2013
Although we often think of our debt as owed to foreign countries, in reality, America owes a lot of money to ourselves. Even regular Americans indirectly own a large chunk of our national debt.
Posted In: debt ceiling, national debt, 401(k), retirement plans, default

What happens if Greece defaults? A flow chart

May 24, 2012
If Greece ditches its austerity plan and defaults on its loans, how might that play out in the global economy? Follow our flow chart to find out.
Posted In: Greece, default, Eurozone

Did writing off debt in Greece count as a default?

Mar 9, 2012
In Greece, private investors have agreed to write off about 75 percent of their loans to the country.
Posted In: Greece, credit default swaps, Europe, default

Where to start

Mar 7, 2012
My son, who is in his mid 30s and is married with two children, has almost no reportable income. He manages an apartment complex in Los Angeles, for which he receives something like $500/month and the use of a three-bedroom apartment. He also picks up web development jobs that are usually transacted in cash. His wife has her beautician's license and provides services out of the apartment for cash or barter. I worry that they wouldn't be able to rent another apartment if they wanted or had to move from their present apartment. Do you have any suggestions on how he might begin to work on his credit rating, given his current situation? Craig, Fairbanks, AK
Posted In: student loans, default, Jobs, secured credit card, Credit report, credit score

Explainer: Greece's 'selective default'

Feb 28, 2012
Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?
Posted In: Greece, default, selective default, credit default swaps, Standard & Poor's

Do you qualify for help from the foreclosure settlement?

Feb 10, 2012
The details of the settlement between the states and the banks are still being hashed out. But, if you want to know if you might qualify, we’ve got some information to get you started.
Posted In: home, Mortgages, refinance, robosigning, default, foreclosure, settlement

Rehabilitating student loans

Dec 21, 2011
My fiancée has a student loan that defaulted but is now paying on it every month. She has been told that it can't be rehabbed because of the default (even though others that have defaulted can rehab a second time). She doesn't make that much money, and she is filing bankruptcy because of various debts. She knows she can't bankrupt the student loan. What are the options other than making regular monthly payments, or not paying? Brian, Waterville, ME
Posted In: student loans, private student loans, default

The root of Italy's problems

Nov 14, 2011
Berlusconi may be gone, but Italia's problems persists. Senior Editor Paddy Hirsch explains how Italy got into the mess it's in today.
Posted In: debt, italy, bonds, default, Berlusconi, Monte, credit, euro, Eurozone

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