Debt Counseling

Our Fruitport Michigan debt consolidation program allows you to make a single monthly payment that is in turn distributed to your creditors.

Since the average Michigan household has 14 credit cards, debt consolidation companies were created to help those families concerned with credit debt elimination.

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Reuters - The storm buffeting the U.S. economy threatens to swamp the $175 billion corporate meetings industry as companies seek to cut back on expenditure by reducing the number of conferences they hold.

AP - Oil prices fell to a 3-year low below $48 a barrel Tuesday in Asia, as more bleak U.S. economic news and plunging stocks markets darkened investor expectations for crude demand.

Reuters - Australia slashed interest rates and the Bank of Japan moved to ease an acute cash crunch for companies, kicking off another round of global central bank action to soothe markets and shore up crumbling economies.

Reuters - Toyota Motor Corp (7203.T) said on Tuesday it will cut management bonuses by 10 percent as the global economic slowdown bites hard and prompts it to reduce production further in Japan.

AP - Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.

AFP - Japan and Australia announced new measures to try to ease the global credit crisis Tuesday after the United States formally announced it was in recession, sparking a massive worldwide stock sell-off.

AP - The global financial crisis is overshadowing U.S.-Chinese trade tensions as Cabinet ministers from the two sides meet this week for talks on the long-range growth of one of the world's most important economic relationships.

AP - South Korea's economic growth was slower in the third quarter than originally estimated, the central bank said Tuesday, further evidence that Asia's fourth-largest economy is being hit by the global meltdown.

Reuters - California Gov. Arnold Schwarzenegger declared a fiscal emergency on Monday to call lawmakers into a special session to focus on a swelling state budget gap just days after another special session failed to close the shortfall.

Reuters - Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers to cope with the global economic slowdown, Dutch news agency ANP reported on Monday.

AFP - A US recession began in December 2007, a panel of economists charged with the official designation of business cycles said Monday.

AP - A gauge of U.S. manufacturing activity that fell to a 26-year low Monday followed similarly weak readings in Europe and China, fueling fears of a deepening global downturn.

AP - It's official. The U.S. economy has been in a recession for the past year.

AFP - The dollar and particularly the yen strengthened on Monday as investors sought safe havens in global economic jitters that sent US and European stock markets plunging.

Reuters - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero.

Reuters - Treasury Secretary Henry Paulson said on Monday the government was working on new programs to stimulate lending and expressed impatience that banks were not making more credit available.

AP - Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year.