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Credit-card users blow off billions in debt (The Daily Comet)
In 2009, banks wrote off a record $83.27 billion in credit card debt. A study by consumer credit research site CardHub.com found that accounts for the bulk of the of $93.2 billion drop in consumer card balances reported by the Fed for last year. View original post here: Credit-card users blow off billions in debt (The Daily Comet) Read More →
Credit card companies look for holes in new rules (Pittsburgh Post-Gazette)
Sweeping credit card reforms that kicked in Feb. 22 promised to snuff out the card industry’s most abusive practices, but experts say it’s no time for consumers to let their guard down. Original post: Credit card companies look for holes in new rules (Pittsburgh Post-Gazette) Read More →
Credit-card users blow off billions in debt (The Houma Courier)
CANDICE CHOI AP Personal Finance Writer In 2009, banks wrote off a record $83.27 billion in credit-card debt. A study found that accounts for the bulk of the of $93.2 billion drop in consumer-card balances reported by the Fed for last year. View original here: Credit-card users blow off billions in debt (The Houma Courier) Read More →
NerdWallet.com Launches: Cheap Nerds Re-Invent Credit Card Search (redOrbit)
NEW YORK, March 10 /PRNewswire/ — NerdWallet, a site that helps you find the best credit card, launched this week with 5 times as many search results as other sites. Access to a larger search universe often drives savings for users: the company estimates over 75% of the site’s beta users found a better credit card than the one they already have, saving them an average of $200 per year Continued... [Read more]
Borrower’s dilemma: pay credit card bill or mortgage? (Austin American-Statesman)
Borrower’s dilemma: pay credit card bill or mortgage? Go here to see the original: Borrower’s dilemma: pay credit card bill or mortgage? (Austin American-Statesman) Read More →
Lower Credit Card Debt Traced Primarily to Charge-Offs (HispanicBusiness.com)
Americans cut more than $93 billion in credit card debt from 2008 to 2009. Good news, right? See more here: Lower Credit Card Debt Traced Primarily to Charge-Offs (HispanicBusiness.com) Read More →
Palm Beach County school auditors find more improper spending, missing credit card records (Sun-Sentinel)
More red flags are hanging over Palm Beach County schools’ purchasing card program, with a special report detailing fraudulent purchases and voluminous missing credit card records from 2007 and 2008. View original here: Palm Beach County school auditors find more improper spending, missing credit card records (Sun-Sentinel) Read More →
Credit card users: Not so responsible after all? (San Francisco Chronicle)
With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren’t Go here to read the rest: Credit card users: Not so responsible after all? (San Francisco Chronicle) Read More →
Credit card users: Not so responsible after all? (AP via Yahoo! News)
With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? Original post: Credit card users: Not so responsible after all? (AP via Yahoo! News) Read More →
College Pt. clan charged with credit card ruse (New York Post)
Five members of a College Point family, a Jamaica resident, a Laurelton resident, a Flushing resident and four other people have been indicted in connection with a fraudulent credit card scheme, Queens District Attorney Richard Brown’s office said last Thursday.The defendants, who include five P.C. Richard & Sons… Original post: College Pt. clan charged with credit card ruse (New York... [Read more]