Latest News in Credit Card Debt - Dec 14, 2007

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Police: Man kills 2; 2 dead kids at home
Miami Herald - The divorce records show Bernsdorff was in debt, including $135,000 in student loans, $27,000 owed the IRS, a $33,000 private loan and roughly $50,000 in credit card debt, the papers reported. A posting on the Bernsdorff family Web site last updated …

Canada investor group misses debt deal deadline
Reuters - Asset-backed commercial paper is a segment of the short-term debt market. The notes are secured by a pool of assets such as accounts receivable, auto loans, mortgages and credit-card receivables. The C$33 billion market for ABCP sponsored by third …

Work top down on charity giving
St. Petersburg Times - Our income next year will be $45,000 and we have no credit card debt. Compare the interest rate you are paying on the mortgage with the investment return you would receive on the money if you did not pay off the house. In general, I like the idea of …

Recession ahead? It’s a difficult call
St. Petersburg Times - A multisided punch of out-of-control credit card debt, fuel costs and subprime lending will weigh on us for another year. John Papvero, Bay Pines I most definitely think this country is headed for a recession. Everywhere you look and listen you can …

Dungeons of Debt
American Reporter - BRADENTON, Fla. — ExxonMobil is one of those companies that don’t like to be contacted by telephone. They list no phones on their Websites for consumer credit-card holders, and their individual “On The Run” stores aren’t always listed in the local …

A Hotel On Boardwalk? Card It
Washington Post - Our wealth (or lack thereof) becomes just a number, printed on a bland receipt spit out from an ATM. Is it any wonder, then, that our average credit card debt has grown from $5,875 per household in 1996 to $9,659 in 2006, according to CardTrack.com?

Investors Anxiously Await Bank Earnings
Newsday - The funds borrow short-term money and invest it at a higher rate in mortgage, bank and credit card debt. Citigroup Inc. said it plans to assume control of the seven SIVs it advises to help them repay lenders. The viability of a SIV hinges on its …

Hottest toys for Christmas
News.com.au - According to financial experts, these expensive spending habits will propel Australian parents to rack up a national credit card debt of well over half-a-billion dollars this festive season. Jason Baker, general manager for business information …

Standard & Poor’s says Citigroup’s SIV plan will not hurt the bank’s …

CNBC - The bank created and sponsored these funds, which invest in bank, mortgage and credit card debt. The concern is that the SIVs will not able to continue borrowing money, forcing them to sell their investments at distressed prices. S&P said its review of …

How alcoholism and debt led to TV broadcaster sleeping on a bench
Guardian Unlimited - It was one poetic thought in an otherwise desperate story of spiralling credit card debt and alcoholism that has taken Mitchell from his status as a broadcaster earning �100,000 a year with a wife and two children, to divorce, bankruptcy and …

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December 14 2007 10:39 am | Credit Card Debt News

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