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Tag Archives: states

Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

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Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit card issuers are getting freaked ... Read More »

As Economy Slows, Lenders Begin to Curb Credit Cards

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As Economy Slows, Lenders Begin to Curb Credit Cards New York Times, United States - 2 hours ago Currently, the total losses amount to 5.5 percent of credit card debt outstanding, and could surpass the 7.9 percent that occurred after the technology ... Read More »

Hardships Past Haunt Europe’s Search for Financial Safety

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Hardships Past Haunt Europe’s Search for Financial Safety New York Times, United States - 6 minutes ago Even when it comes to the British, who look more like Americans in terms of credit card debt and mortgage exposure, only about 20 percent of them have ... Read More »

YOUR VIEW: Charles Merlis

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YOUR VIEW: Charles Merlis Hartford Courant, United States - 2 hours ago Instead many people have used it to reduce their credit card debt on which they are paying confiscatory rates. Credit card debt has increased exponentially ... Read More »

Slowdown nails contractors: Dozens of Idaho small business owners

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Slowdown nails contractors: Dozens of Idaho small business owners ... Idaho Business Review, United States - 2 hours ago Most of the rest of their liabilities consist of medical bills, a car loan and credit card debt . · Boise home builder and contractor Russ Iverson filed for ... Read More »

Credit crisis hits even people not late on bills

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Credit crisis hits even the diligent The Tennessean, TN - 1 hour ago He said Bank of America told him it was increasing the interest rate on one of his cards because he had too much credit card debt . ... Read More »

In China, Pay Your Credit Card Bills or Get Hustled Off to The Bank

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In China, it's pay up ... or else Seattle Times, United States - 41 minutes ago Since then, he has pared his overall credit card debt to $2900. "I am so ashamed," Deng said. "I have no face to meet my father. When I look back, ... Read More »

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