Archive for August, 2007



Son of subprime: Credit card debt - Salon

Thursday 30 August 2007 @ 2:08 am

FinFacts Ireland
Son of subprime: Credit card debt
Salon -Aug 28, 2007
In other words, is there a derivatives house of cards balanced on the ever-popular "slicing and dicing" of credit card debt comparable to the subprime mess
Credit-card defaults on rise in USFinancial Times
Credit Card Defaults On The RiseConsumer Affairs
US credit card defaults risenewratings.com
FinFacts Ireland - Card Guide
all 12 news articles

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We Should Spend More On Our Credit Cards - Motley Fool UK

Thursday 30 August 2007 @ 2:08 am

Card Guide
We Should Spend More On Our Credit Cards
Motley Fool UK, UK -17 hours ago
My view is a little different - I don't think we use our credit cards enough. Let me clarify that horrendously reckless statement with the aid of some facts
Why the interest in prepaid debit cards?Thrifty Scot (press release)
all 3 news articles

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Credit Cards Interest Rates Can Bury Consumers - Realty Times

Thursday 30 August 2007 @ 2:08 am
Credit Cards Interest Rates Can Bury Consumers
Realty Times, TX -1 hour ago
Missing a payment by even an hour has the potential to send a cardholders' interest rate soaring not only on that card, but on other credit cards, too.

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Card Companies Cut Fees on Customers - Korea Times

Thursday 30 August 2007 @ 2:08 am
Card Companies Cut Fees on Customers
Korea Times, South Korea -23 hours ago
“The rate discount is clearly a minus factor on bank profits, but the increasing use of credit cards following tax benefits next year and the ameliorating

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Credit card firms turn fee losses into charges - Telegraph.co.uk

Thursday 30 August 2007 @ 12:08 am

Telegraph.co.uk
Credit card firms turn fee losses into charges
Telegraph.co.uk, United Kingdom -Aug 28, 2007
Since then, the consumer group Which? has found that the range of other fees and charges levied on credit cards has "notably increased".
Which? attacks credit card feesBBC News
Credit Card Firms "Using Ingenious Stings"Life Style Extra
‘Stealth fees’ to use credit cardsMetro
The Herald - Reuters.uk
all 22 news articles

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Mysterious SAWA Charges Appear on American Credit Cards - Arab News

Thursday 30 August 2007 @ 12:08 am
Mysterious SAWA Charges Appear on American Credit Cards
Arab News, Saudi Arabia -7 hours ago
“There’s seems to be no correlation between vendors victims used their cards with, perhaps pointing to a breach at the credit card company level,” said a

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A Credit Card Crackdown? - U.S. News & World Report

Thursday 30 August 2007 @ 12:08 am
A Credit Card Crackdown?
U.S. News & World Report, DC -14 hours ago
But we do get a great number of complaints about credit cards. Are credit card practices like double-cycle billing and universal default inherently

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Wariness Urged in Using Credit Cards for Medical Bills - New York Times

Thursday 30 August 2007 @ 12:08 am
Wariness Urged in Using Credit Cards for Medical Bills
New York Times, United States -6 hours ago
By MILT FREUDENHEIM Although special financing plans for health care carry risks, using regular credit cards to pay medical bills may be even more dangerous
She Made by Taking on Too Much DebtWall Street Journal
all 2 news articles

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Banks urged to directly market credit cards - Hindu

Wednesday 29 August 2007 @ 11:08 pm
Banks urged to directly market credit cards
Hindu, India -4 hours ago
CHENNAI: Banks should directly market credit cards and collect their dues from cardholders instead of appointing selling and collecting agents.

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Credit card firms could take hit if economy dips - Reuters

Wednesday 29 August 2007 @ 11:08 pm
Credit card firms could take hit if economy dips
Reuters -19 hours ago
Americans are still mostly paying off their credit cards, despite being hit by falling housing prices and tighter mortgage lending conditions, but analysts

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