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Debt Consolidation & Michigan Credit Counseling

Monday, December 1st, 2008

Ubly Michigan

Our Ubly Michigan consumer debt counseling plan simply negotiates with creditors on your behalf to work out a new payment arrangement, possibly at a reduced interest rate, and disburse the payments for you to each creditor.

In MI, debt counseling is the best alternative to get out of debt and the creditors are willing to work with us.


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FREE Ubly Michigan Debt Consultations

FREE help is waiting for Michigan residents. Simply fill out the form on the right for your FREE Ubly MI debt consultation NOW!!



Related Debt News for our Ubly MI visitors



Panel says US has been in recession since Dec. '07 (AP)

A sale sign is posted at jewlery store in Daly City, Calif., Monday, Nov. 24, 2008. The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is almost certainly in the throes of a painful recession. (AP Photo/Paul Sakuma)AP - The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.


 
Bernanke says crisis 'no comparison' to Great Depression (AFP)

Federal Reserve Chairman Ben Bernanke speaks at the annual Economic Forecast Event at the Austin Chamber of Commerce in Austin, Texas.(AFP/Getty Images/Ben Sklar)AFP - Federal Reserve chairman Ben Bernanke said Monday the current economic situation bears "no comparison" to the much deeper crisis of the 1930s Great Depression.


 
Recession started in December 2007: panel (Reuters)

An auction sign in front of a home in Stockton, California, February 2, 2008. (Kimberly White/Reuters)Reuters - The U.S. economy slipped into recession in December 2007, the nation's business cycle arbiter declared on Monday, and the downturn could be the worst since World War Two.


 
Oil tumbles below $50 as recession called (AP)

A motorist pumps fuel into his vehicle at a gasoline station in San Rafael, California. Oil prices fell sharply Monday after OPEC decided at a weekend meeting against cutting production despite a deepening global economic slowdown.(AFP/Getty Images/File/Justin Sullivan)AP - Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.


 
AP IMPACT: They warned us, but US eased loan rules (AP)

In this Sept. 26, 2008 file photo, a woman passes a branch entrance near the headquarters of Washington Mutual Inc., in downtown Seattle. WaMu, one of the nation's largest banks, was seized by the Federal Deposit Insurance Corp. Thursday, and then sold to JPMorgan Chase & Co. (AP Photo/Ted S. Warren, File)AP - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.


 
Paulson says other rescue programs being examined (AP)

Treasury Secretary Henry Paulson speaks at the Fortune 500 Forum in Washington, Monday, Dec. 1, 2008. Paulson says the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration. (AP Photo/Gerald Herbert)AP - Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.


 
US in recession since December 2007: official panel (AFP)

People exit work in the financial district in October 2008 in New York City. The US economy has been in recession since December 2007, a panel of economists charged with the official designation of business cycles said Monday.(AFP/Getty Images/File/Spencer Platt)AFP - A US recession began in December 2007, a panel of economists charged with the official designation of business cycles said Monday.


 
Economy likely to move up Medicare's insolvency (AP)
AP - Federal health officials estimate that the struggling economy is likely to speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care.
 
Russia's Medvedev: Avoid wage arrears (AP)
AP - President Dmitry Medvedev ordered the government Monday to ensure that overdue wages do not become a major problem, showing concern that the persistent financial turmoil could revive a problem that plagued Russia in the 1990s.
 
Mixed picture for retailers as US holiday season opens (AFP)

A pedestrian carries shopping bags as she walks by Christmas themed window display at a Macy's store November 10, 2008 in Chicago, Illinois. American consumers still shopped but with more prudence than in recent years, according to surveys from the opening weekend of the year-end holiday season.(AFP/Getty Images/File/Justin Sullivan)AFP - American consumers still shopped but with more prudence than in recent years, according to surveys from the opening weekend of the year-end holiday season.


 
Fed's Bernanke says policy must act with vigor (Reuters)

Federal Reserve Chairman Ben Bernanke on Capitol Hill, November 18, 2008. (Molly Riley/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the U.S. economy and said the Fed could directly buy securities and backstop markets as interest rates approach zero.


 
Insured mortgage defaults top 80,000 in October (Reuters)

An auction lawn sign points to a foreclosed property to be auctioned off by Dallas-based Hudson  and  Marshall along with several hundred other foreclosed homes in Detroit, Michigan, March 18, 2007. (Rebecca Cook/Reuters)Reuters - Defaults on privately insured U.S. mortgages rose 35 percent in October, and topped 80,000 for the first time, as the troubled economy caused more homeowners to fall behind on payments.


 
U.S. working on new lending programs: Paulson (Reuters)

Secretary of Treasury Henry Paulson speaks about the economy at the Fortune 500 Forum in Washington December 1, 2008. (Larry Downing/Reuters)Reuters - Treasury Secretary Henry Paulson said on Monday that more programs were being developed to stimulate lending but warned a severe financial crisis is stubbornly persisting.


 
House to push $500 billion stimulus bill (Reuters)

Speaker of the House Rep. Nancy Pelosi speaks during a news conference in the U.S. Capitol in Washington November 21, 2008. (Molly Riley/Reuters)Reuters - U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion.


 
States look for Obama to help in economic downturn (Reuters)

U.S. President-elect Barack Obama announces the nominees to staff his national security team, including Senator Hillary Clinton (D-NY) as his nominee for Secretary of State and Robert Gates to continue as Secretary of Defense during a news conference in Chicago December 1, 2008. (John Gress/Reuters)Reuters - State governors preparing to meet President-elect Barack Obama will ask for $136 billion in infrastructure funds to stimulate the economy immediately, Pennsylvania's governor said on Monday.


 
Bernanke: lower interest rates are "feasible" (AP)

Federal Reserve Chairman Ben Bernanke speaks at the annual Economic Forecast Event at the Austin Chamber of Commerce in Austin, Texas. Bernanke said Monday the current economic situation bears 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.


 
Fed's rate power 'limited,' but other tools available: Bernanke (AFP)

Federal Reserve Chairman Ben Bernanke speaks at the annual Economic Forecast Event at the Austin Chamber of Commerce in Austin, Texas. The Federal Reserve has limited scope to cut interest rates further to stimulate the economy but other tools are available, such as the purchase of long-term Treasury securities, chairman Ben Bernanke said Monday.(AFP/Getty Images/Ben Sklar)AFP - The Federal Reserve has limited scope to cut interest rates further to stimulate the economy but other tools are available, such as the purchase of long-term Treasury securities, chairman Ben Bernanke said Monday.


 
U.S. in recession as Europe debates spending hikes (Reuters)

A woman watches as people shop in the Time's Square Toys 'R' Us store on 'Black Friday' in New York, November 28, 2008. (Brendan McDermid/Reuters)Reuters - The U.S. economy has slumped into a recession, the nation's business cycle arbiter declared on Monday, while European leaders clashed over how much public money to spend tackling a deepening downturn.


 
US manufacturing hits 26-year low: ISM (AFP)

A man work at an assembly line. US manufacturing slumped to a 26-year low in November, highlighting the abrupt downturn in the world's biggest economy, a survey showed Monday.(AFP/Getty Images/File/Bill Pugliano)AFP - US manufacturing slumped to a 26-year low in November, highlighting the abrupt downturn in the world's biggest economy, a survey showed Monday.


 
House to seek about $500 billion economic stimulus (Reuters)

Speaker of the House Rep. Nancy Pelosi speaks during a news conference in the U.S. Capitol in Washington November 21, 2008. (Molly Riley/Reuters)Reuters - Democrats in the House of Representatives likely will seek passage next month of an economic stimulus bill costing about $500 billion, a House Democratic aide said on Monday.


 

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