Discover Financial Services 2nd-qtr profit leaps as unpaid bills decline, card …
News from Washington Post:

NEW YORK — HIGHER CARD USE: Discover Financial Services said its profit more than tripled in its second quarter as card sales volume rose 9 percent and transactions processed by Discover-owned networks rose 18 percent.

LOWER WRITE-OFFS: The company wrote off $ 577 million, or 4.42 percent of credit card and loan balances, as uncollectible. That was down from $ 1 billion, or 7.97 percent of balances, last year.

HIGHER EXPENSES: Costs for marketing and advertising, labor, debt collection, fraud and expenses related to its newly-acquired Student Loan Corp. drove up expenses by 25 percent.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Bad Credit Repair For Businesses Through Credit Card Use–Secured Credit Cards …
News from Red, White, and Blue Press:

Aspects of bad credit repair are often topics that consumers will explore as this issue can be one that has a great deal of depth and various pieces of an overall debt relief and credit repair puzzle that consumers must analyze before they begin the process or can successfully complete their goals to reestablishing their credit. Yet, bad credit repair is also necessary for many businesses, and for those who have seen their financial position at their business deteriorate over the past two years or months, there are credit cards that can be beneficial for the bad credit repair process as even secured credit cards or unsecured lines of credit, as well as, an alternative credit lines can help establish a more beneficial credit score for a particular company.

In terms of secured credit cards available specifically for businesses, they do work in a similar fashion to a consumer secured credit card, as any type of secured credit will require collateral and, in many cases, will nece…………… continues on Red, White, and Blue Press
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Center Flap Credit Card Holder style – 74

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Data Hints at $ 20 Billion Credit Card Debt Increase in 2011
News from Technorati:

The first quarter consumer credit card debt pay down that we witnessed the past couple of years slowed dramatically this year, with Americans decreasing the money they owe by only about $ 32.3 billion, or 26% less than during the same period last year. This, according to a Card Hub study, foreshadows a significant impending debt build up that will result in consumers adding a net of $ 20 billion in new credit card debt during 2011.

It’s fairly normal for U.S. consumers to decrease their overall debt during the first quarter of each year, as this is typically the time when holiday bonuses and tax returns are received and many people put their noses to the grindstone in order to pay off holiday expenses. However, as first-quarter decreases have been followed by large debt additions the past two years, the same is expected in 2011, and given the apparent inverse relationship between first quarter pa…………… continues on Technorati
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Tips for effectively managing your debt crisis
News from Chicago Sun-Times:

How you can pick Terry’s brain

In this column, I’ll respond to your most frequently asked questions regularly. Of course, you always can submit individual questions on my Sun-Times blog, reached on the home page at www.TerrySavage.com.

Updated: June 23, 2011 2:12AM

Q. Because I was out of work for nearly a year, I have so much credit card debt that I can never repay it. What’s better — credit counseling, debt negotiation, or bankruptcy?

It’s important to know the difference between these alternatives and choose the one that best solves your pr…………… continues on Chicago Sun-Times
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Dave Ramsey’s Financial Peace University DVD 3-Pack: The Great Misunderstanding, Cash Flow Planning, and Dumping Debt [DVD
This special contains Dave’s most popular lessons from his Financial Peace University class. These 3 crucial money topics – budget…
Delinquent Air Freshener
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Credit Card Debt


Whether readers are overwhelmed by credit card debt or trying to prevent it altogether, this book has the answers. The author's basic three step program provides the information readers need to reduce interest rates, eliminate fees, and negotiate with credit card companies to keep their credit report clean.
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Charges against former French Market director center on credit card use
News from NOLA.com:

Days after New Orleans Inspector General Ed Quatrevaux reported myriad troubles in the financial oversight of the French Market Corp., prosecutors charged the nonprofit agency’s former head, Kenneth Ferdinand, with felony theft for paying personal expenses on the agency’s credit card.

Ferdinand, 56, resigned under pressure last summer as executive director of the city agency that oversees the famed, 220-year-old French Quarter market that runs along North Peters Street in a blocks-long wedge. The corporation also manages the city-owned Upper Pontalba apartments and storefronts on St. Peter Street flanking Jackson Square.

Mayor Mitch Landrieu’s office last year refe…………… continues on NOLA.com
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4 Reasons Why You Should Use a Credit Card and 1 Why You Shouldn’t
News from NASDAQ:

As anyone who has ever used one knows, credit cards have the potential to be both extremely useful and somewhat dangerous. Over the past couple years, however, much of the attention given to these little pieces of plastic has been understandably negative. People simply lost faith in financial establishments during the Great Recession, and this included credit card companies, many of which routinely used bait-and-switch tactics and unfair penalty rates and fees. Still, the credit card landscape has changed; issuers are operating under stricter rules and consumers are protected by an expanded, strengthened bill of rights. So is it safe to rely on credit cards once again, or is it not worth the risk? Let’s find out.

Why You Should Use a Credit Card

1. Credit Building

Whether you’re a fan of credit cards or not, you’re probably awa…………… continues on NASDAQ

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