Latest News in Credit Card Debt - Jan 16, 2008

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Dollars+Sense: Acting now can prevent holiday debt hangover next year
Minneapolis Star Tribune - Unlike most of us, Anthony Kaczor of Minneapolis doesn’t dread opening his January credit card statements. The man credit card companies love to hate opened a Christmas club account last April and was able to write checks or pay cash for gifts …

Holidays are over it’s time to pay up
MSNBC - December was all about buying the presents. This month, the credit card bills arrive. That ghost of Christmas past has people scrambling for ways to deal with the debt they ran up. One way to reduce your monthly payments is with a lower interest rate …

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 …

Local Expert Gives Tips On Paying Off Holiday Debt

KXAN - The holidays have ended, but the credit card bills from the shopping frenzy are just starting to roll in. (The following is a transcript written by KXAN Austin News’ Kate Weidaw, who talks about how to handle those bills). I just got my Macy’s bill …

Wells Fargo’s Q4 profit falls 38 percent amid mortgage turmoil
MSN MoneyCentral - Wells wrote off $223 million, or 5.01 percent, of credit card debt in the fourth quarter, up from $176 million, or 4.3 percent, in the third quarter. Earlier this week, Wells was downgraded by Friedman Billings Ramsey amid further signs that consumers …

Wells Fargo Profit Declines as Overdue Loans Increase (Update7)
Bloomberg - Wells Fargo charged off $223 million in credit card debt, or about 5 percent of total balances, which is in line with industry standards, Loughlin said. Revolving credit and installment loan charge-offs, mainly auto financing, increased 14 percent …

Resolve to pay off holiday debt
Journal Times - But don?t hide from your credit card debt. Skipping payments or paying late will only hurt your credit rating, and that can affect your future in big ways. So, open those bills and face those balances head on. Here are a few suggestions to help you …

Borrowers clamour for help with debt
Times Online - Borrowers struggling with credit card bills, tax self-assessment payment deadlines and rising energy charges have driven a surge in calls to debt companies and money advice charities. Inquiries to insolvency practitioners have risen by two thirds …

Economic Slowdown: Hype or Crisis?
NPR News - Just take those credit cards out of the wallet, leave them in your dresser drawer, tear them up, reduced your debt as much as possible or the potential for debt. If you don’t have that credit card on you, you’re not going to be able to spend that …

Standard & Poor’s downgrades Citigroup’s credit after bank reports $9 …
International Herald Tribune - The bank also set aside $3.31 billion (?2.22 billion) to prepare for more missed payments on consumer debt such as credit card and car loans. S&P analyst Tanya Azarchs said this deterioration in credit quality may spill from consumer debt into …

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January 16 2008 05:05 pm | Credit Card Debt News

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