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Tag Archives: times

Black ministers unite to save souls for the polls – Florida Times-Union

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Black ministers unite to save souls for the polls Florida Times-Union, FL - 2 hours ago Gundy was so concerned about the number of people faced with losing their homes that he started " Get Out of Debt " classes. Roosevelt Royals, an usher for ... Read More »

Business Noticing Increase in Credit Card Purchases. Not a Good Sign.

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Business noticing increase in credit card purchases Bay News 9, FL - 1 hour ago Americans now owe an estimated $850 billion in credit card debt , which is four times as much as in 1990. Consumers aren't the only ones affected by the ... Read More »

http://twitpic.com/qi98m NY Times gets nice stand. Washington Post gets the floor. I’m in DC.

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getoutofdebtguy: NY Times gets nice stand. Washington Post gets the floor. I'm in DC. Read More »

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 »

Redefining the American Dream

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Redefining the American Dream Washington Times, DC - 17 minutes ago And credit card defaults look like the next shoe to drop as cash-strapped Americans have run up credit card debt to postpone the day of reckoning. ... Read More »

American Express to Cut 7,000 Jobs. Experience The Freedom Of Joblessness.

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As part of a reengineering plan, American Express plans to cut some 7,000 jobs, or about 10% of its work force, the company said Thursday morning. The company will cut staffing levels, reduce compensation, lower operating costs, and scale back its investment spending. "We've been engaged for the past few months in an intensive, companywide review of priorities and staffing levels," said Kenneth Read More »

Consumers Feel the Next Crisis: It’s Credit Cards

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Indeed it is. If you're not in top shape for the credit card shakeout that's already taking place, there isn't much you'll be able to do about it. It's probably already too late. After years of flooding the market with credit cards (and generous limits), banks are finally starting to take it back. Eric Dash, a New York Times reporter, does an excellent job of distilling the situation. From 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 »

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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