Any Card Credit

By Peter Shout Toronto – A report by Equifax Canada reveals that more Canadians are falling behind on paying their bills on time with a half million Canadians now three months behind on credit payments.

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Fewer Canadians paying their bills on time

Debt-troubled heating products maker Baxi said on Friday it had agreed to merge with Dutch rival De Dietrich Remeha to boost its capital position and create one of Europe’s biggest heating products companies.

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Baxi agrees merger with De Dietrich  (Reuters via Yahoo! UK & Ireland News)

Now that America is absolutely swimming in credit card debt, what kind of movie do we really need?

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Confessions of a Shopaholic

Banks are showing little mercy toward those who bailed them out. Credit-card industry experts and critics say they’re expecting a wave of fee hikes and costly term…

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Bailed-out banks hike credit-card fees as new law looms (Boston Herald)

Buyout firms are eyeing minority stakes in publicly listed companies as sparse credit conditions prompt them to look for deals requiring no leverage — although they still want private-equity style returns.

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PE eyes debt-free deals (Stuff)

The government may announce setting up of an independent debt management office in India to prevent the possibility of a conflict of interest between the monetary policy and debt management functions of the Reserve Bank of India (RBI).

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Debt control may get its due & an office (The Economic Times)

Credit and store card interest rates could be capped for some customers under Government plans announced today.

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Credit cards could have interest rate capped to help those in debt (Daily Mail)

We’re big believers in preventive medicine. After all, the sooner you catch a problem, the easier it is to fix.

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A Financial Check-Up That Could Save You Money