Lastest News in Credit Card Debt – Nov 24, 2008

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Shoppers saying ‘Bah, humbug!’ to credit cards – Gainesville Sun

24 Nov 2008 at 3:54am
Retailers like Wal-Mart Stores Inc., Target Corp. and J.C. Penney Co. are noticing a marked shift away from credit cards in favor of cash and debit cards. A big factor is less credit available as major card issuers cut spending limits and raise fees …

WRAPUP 2-Citigroup gets massive U.S. government rescue – Reuters

24 Nov 2008 at 12:05am
NEW YORK, Nov 24 (Reuters) – The U.S. government bailed out Citigroup Inc (C.N: Quote , Profile , Research , Stock Buzz ), agreeing to shoulder most of the potential losses on $306 billion of high risk assets, in its most sweeping rescue of a U.S …

Consumer Reports’ Annual Public-Education Campaign Warns of the … – MSN Mo…

24 Nov 2008 at 4:58am
YONKERS, N.Y. , Nov. 24 /PRNewswire-USNewswire/ — Consumer Reports today unveiled the third installment of its annual public education campaign, warning holiday shoppers of the pitfalls of credit card debt. Consumer Reports’ public education …

Charge it? leads to credit crisis in Falls – Buffalo News

24 Nov 2008 at 4:30am
NIAGARA FALLS ? As chief of the Niagara Falls School District, Carmen A. Granto has overseen more than $1 billion in spending on city schools. His knack for fiscal management has been praised, and the superintendent often has bragged about the 16 …

Credit card fraud increases – Citizen.co.za

24 Nov 2008 at 2:28am
JOHANNESBURG – Credit card fraud in South Africa increased 146 percent in the past year, the South African Banking Risk Information Centre (Sabric) said on Monday. ?It is a frightening picture, it really is,? said Sabric chief executive Kalyani …

Credit card fraud gangs going global – Zd Net Asia.com

23 Nov 2008 at 10:46pm
The arrest of another credit card fraud gang last week has alerted police to the fact that they are not only fighting a regional criminal network, as they used to believe, but with connections around the world. These professional, well-trained gangs …

Credit-crunched consumers carrying cash – Memphis Commercial Appeal

23 Nov 2008 at 10:53pm
NEW YORK — Cash or credit? For more Americans, who have already maxed out their credit cards or are just trying to manage their spending better in the tough economy, the answer is increasingly the old-fashioned one. A big factor is less credit …

Major stores criticised over credit – East Anglian Daily Times

23 Nov 2008 at 11:07pm
SOME of the country’s biggest high street stores have been accused of exploiting Suffolk shoppers who are facing the financial pinch this Christmas. Following an undercover investigation with the EADT, trading standards officers have attacked the way …

Online fraudsters ’steal £3.3bn’ – BBC News

24 Nov 2008 at 4:01am
Hi-tech thieves who specialise in card fraud have a credit line in excess of $5bn (£3.35bn), research suggests. Symantec calculated the figure to quantify the scale of fraud it found during a year-long look at the internet’s underground economy …

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annual, cards, consumer, credit, Credit Card, debt, management, money, Spending

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November 24 2008 04:15 am | Credit Card Debt News

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