Credit

Article Of The Day: Christmas In March For CC Companies

Here is an interesting article from the Columbus Dispatch. I hope you’ll take a few minutes and read it, but I thought I’d point out a few things that I found interesting frightening. According to Consumer Reports –Americans will charge 63.6 BILLION dollars on their credit cards during the holiday season –23% of those charges will not be paid of until MARCH! –Americans AVERAGE over $9000 dollars in credit card debt If you are in debt, and you are ready to get out, then this is the site for you. I encourage you to spend some time, read some of the posts that you find her, and consider getting out of debt… TODAY. First step? Stop using your credit cards!…

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Credit

Article Of The Day: 50 Cents Of Every Dollar? Charged To Credit Card

I was looking at Google News a few minutes ago, and I came across this article, over at Forbes.Com http://www.forbes.com/markets/feeds/ ap/2006/12/19/ap3268775.html I am not going to reprint the article, b/c I don’t want to run into “copyright” issues. But, I do want you to read the article and scroll down the the very, very bottom section. Please note the following from a Mr. Dodd, who is a financial analyst for Morgan, Keegan, & Company, Inc., “Roughly 50 cents of every dollar spent in the U.S. is charged on a credit card…” That’s right. According to Mr. Dodd, 50 PERCENT of the money spent in the United States of America goes through the hands of one of the credit card agencies.…

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Credit

Credit Cards and College

I just stumbled upon this wonderful little bit of news, courtesy of the Statesman Journal is Salem, Oregon: College students are a ‘prime target’ for credit-card companies The best worst part of the whole article states, and I quote: Credit-card issuers also are striking partnerships with colleges for exclusive marketing privileges on campus, and many are gaining wider access to students. The largest four-year colleges are earning millions of dollars each in annual fees by giving banks the right to market credit cards on campus. These “sweetheart deals” are like “letting the fox into the chicken coop,” said Ed Mierzwinski of the U.S. Public Interest Research Group. “Credit-card companies are driving hard bargains (with students), and colleges are looking the…

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