Latest News in Credit Card Debt - Nov 16, 2007

Please note it is your responsibility to evaluate the accuracy, completeness and usefulness of any information, opinion or advice contained in the content below.

Putting a debt over our heads
The Australian - Debt is a way of life now,” he adds, explaining that credit card debt had also grown, but not quite as rapidly as mortgage debt. Personal debt overall has increased radically in the past decade, he says. The Housing Industry Association estimates …

Opinion — Feedback

BusinessWeek - But Van Rathavongsa [whose credit-card debt was legally discharged] had no business applying for a mortgage. A year earlier he proved he couldn’t pay his bills. Brian Olson HIGHLANDS RANCH, COLO. Stop all excessive consumption. Say no to the credit …

Credit crunch/subprime crisis: what it means for you
This is Money - Fears are mounting that bad credit card debt could worsen and prolong the subprime crisis. ? Special report: Subprime panic grips the High Street (12 Nov) The Northern Rock debacle has wiped �85bn off the value of British banks since the start of …

Budgeting for a Baby and Managing Debt
Washington Post - Q: I’m a recent college grad with $16,000 in student loans and $3,000 in credit card debt. I recently signed up for credit counseling with a company that negotiated a lower rate for me (tried to do it myself). I have no savings, and can’t get another …

The Consumer Crunch
BusinessWeek - Potentially, the next subprime crisis is the issue of credit-card debt,” says Austan D. Goolsbee, economic adviser to Democratic hopeful Barack Obama and a professor at the University of Chicago Graduate School of Business. The Illinois senator’s …

Store card chief who wants to take all of the credit
Guardian Unlimited - … 11.3 million customers who receive monthly statements and send payments to collection points, but we have an average balance of only �150, compared with �1,300 on an average credit card.’ So the case for selling credit cards is compelling. ‘Debt …

BMO taking $320-million charge
Globe and Mail - BMO also said Friday that it will participate in the senior debt issued by its two SIVs, Links Finance Corp. and Parkland … similarly said on Tuesday that it will take a $120-million charge because it believes more customers are cashing in credit card …

Florida Holds $2.2 Billion of Debt Cut to Junk Status (Update6)

Bloomberg - Florida’s state funds were affected by bad investments in asset-backed commercial paper, short-term debt sold by financial institutions that is secured by collateral such as mortgage securities and credit-card receivables. As the value of that …

Study shines light on health, finances of university students
KARE - Of those 75 percent, about half of those with a credit card have debt at the end of the month. Fifty-seven percent have over a thousand dollars worth of debt at the end of the month. Twenty percent of those have over $5,000 worth of debt.” Other …

U.S. Asset-Backed Commercial Paper Is Little Changed (Update3)
Bloomberg - Debt maturing in 270 days or less and backed by mortgages, credit-card loans and other assets fell $574 million to a seasonally adjusted $853.3 billion for the week ended yesterday, the Federal Reserve in Washington said today. The decline was the …

Free Newsletter

Sign up for the free Daily newsletter, filled with tips and ideas on avoiding credit card debt, credit history, tips on getting out of credit card debt, and more. Your email address will be kept confidential and won't be shared. Easily unsubscribe at any time.

If you enjoy the free information available on this site, you're sure to enjoy the free newsletter as well:

Site Search Tags:

Share and Enjoy:

November 16 2007 06:34 am | Credit Card Debt News

Trackback URI | Comments RSS

No Debt Anymore .org

Advice on credit repair, credit reports and debt solutions