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How to Achieve Debt Consolidation with Bad Credit

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• Praesidian Capital Investors Funds Acquisition of Bruce Seed Farm (PR Newswire via Yahoo! Finance)
  Praesidian Capital Investors, a leading provider of mezzanine capital for small and mid-sized companies, has invested approximately $5 million of subordinated debt to support the acquisition of Bruce Seed Farm, Inc., by Marwit Capital Partners as part of its land reclamation, native seed, and erosion control industry consolidation strategy.



• Hynix Debt Rating Cut at Moody's as Chip Prices Fall (Update1) (Bloomberg)
  Nov. 3 (Bloomberg) -- Hynix Semiconductor Inc. , the world's second-largest memory chipmaker, had its debt rating cut to three levels below investment grade at Moody's Investors Service, which cited the company's weaker credit profile and earnings.



• Loans to clear debt need willpower (The Morning Call)
  Dear Bruce: You have written in your column many times that you feel home-equity loans are a bad idea for debt consolidation. I see a lot of advertisements out there for companies promising to help people get out of debt. With a current income of $35,000, I have $17,000 in credit card debt and I am having difficulty meeting my monthly payments.



• On the right direction (Goulburn Post)
  A CONSOLIDATION of debts and a move to lease its non-core areas will provide a new momentum for the Goulburn Club, members were told at the club's annual general meeting last Thursday.



• Con-Way Moving Va. Operation To Winston-Salem (WXII-TV Winston-Salem)
  DANVILLE, Va. -- Con-Way Freight plans to relocate its Danville operation to North Carolina as part of a company wide consolidation. Con-Way Freight spokeswoman Amber Caouette said Tuesday that the Danville operation will be moved to Winston-Salem on Nov. 14.



• FCC Approves Verizon's Alltel Purchase, Sprint-Clearwire Plan (Bloomberg)
  Nov. 4 (Bloomberg) -- The Federal Communications Commission, kicking off a new round of telephone-industry consolidation, approved Verizon Wireless's $28.1 billion purchase of Alltel Corp. and a deal between Sprint Nextel Corp.

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