October 2009

Credit Trap: Ways your credit card may lure you into debt (WTOL 11 Toledo)

In that fine print of your credit card bill are the strategies credit card companies are using to spring the debt trap.

Sypris Retires Debt and Extends Credit Facilities (Business Wire via Yahoo! Finance)

LOUISVILLE, Ky.—-Sypris Solutions, Inc. today announced that it has completed the retirement of certain debt obligations and extended the maturity dates of its credit facilities. HIGHLIGHTS

Amazon Determined to Make Your Credit Card Debt That Much Larger (Seattle Weekly)

Not content with its awesome third quarter financial results, not resting while indie bookstores succumb to its might, Amazon.com has now announced a means to make impulse shopping from you… Continue reading “Amazon Determined to Make Your Credit Card Debt That Much Larger”

New Credit Scoring Forgives Old Debt (Investopedia via Yahoo! Finance)

FICO 08 means that certain types of old debt wont affect your credit score, but its not all good news.

Largest Credit Card Issuers Support New Debt Repayment Programs. (PRWeb)

New HARDSHIP Program Allows Lower Payments for Consumers. Ten of the major credit card companies, under pressure from the public, have announced changes in debt management plans allowing individuals and families the opportunity to lower payments and qualify for enhanced “benefits” in recognized Credit Counseling Services programs. (PRWeb Oct 28, 2009) Read the full story at http …

Largest Credit Card Issuers Support New Debt Repayment Programs. (PRWeb)

New HARDSHIP Program Allows Lower Payments for Consumers. Ten of the major credit card companies, under pressure from the public, have announced changes in debt management plans allowing individuals and families the opportunity to lower payments and qualify for enhanced “benefits” in recognized Credit Counseling Services programs. (PRWeb Oct 28, 2009) Read the full story at http …

Largest Credit Card Issuers Support New Debt Repayment Programs. (PRWeb via Yahoo! News)

New HARDSHIP Program Allows Lower Payments for Consumers. Ten of the major credit card companies, under pressure from the public, have announced changes in debt management plans allowing individuals and families the opportunity to lower payments and qualify for enhanced “benefits” in recognized Credit Counseling Services programs.

Gross: End of Fed programs may pressure debt (People’s Daily)

Bill Gross, the influential manager who runs top bond fund Pacific Investment Management Co (PIMCO), warned that the prospect of an end to the Federal Reserve’s debt buyback programs could add selling pressure to several credit markets, including US Treasuries. Asked about the risk that a recovering US economy hurts Treasury investors, he said “there’s not a heightened sense of concern, but …

Credit card firms warned ‘to get their act together’ over high debt levels (The Scotsman)

CREDIT card companies have been warned to “get their act together” as ministers brought forward plans to stop borrowers being landed with unsustainable debts.

David Prosser: Credit where it is due (Independent)

Outlook How times change. Only five years ago, the nation’s shoppers routinely congratulated each other on how they had managed to outwit the credit card companies. Egged on by internet chat forums, borrowers moved thousands of pounds from card to card, taking advantage of interest-free offers and racking up free debt.

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