Average credit card debt at 10-year low

Posted by administrator | 02/08/11 | Tagged Credit Card Debt

Average credit card debt at 10-year low
News from e-wisdom.com:

Average credit card debt per borrower stood at a 10-year low in the first quarter (Q1) of 2011, according to a recent report from TransUnion.

TransUnion analyzed consumer credit card payment dynamics from 2004 to 2011 and among its findings was that the average credit card debt in Q1 2011 fell to its lowest level in 10 years.

Average credit card debt per borrower declined year-over-year in each of the past two years, TransUnion s…………… continues on e-wisdom.com

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Time to cut up Washington’s credit card
News from Las Vegas Review-Journal:

Posted: Aug. 2, 2011 | 2:01 a.m.

To the editor:

Wow, the eleventh hour reprieve. Our politicians have a flair for the dramatics.

For years now, our government has played a game of high-stakes poker with the American people’s way of life, when each side bet and raised its version of what would solve our debt crisis. The sad thing is that each side really was proposing very similar deals but in fact none of the deals will do anything to cut federal spending. It’s like maxing out your credit card and then borrowing money to make the payments while asking the bank to up your credit limit.

Our government is the only one to blame for our $ 14 trillion debt. Now they want us to believe that $ 3 trillion in cuts over 10 years is going to help. They have to be kidding since the CBO’s latest figures show the government is projected to spend $ 46 trillion over the next decade.

Let’s face it: The only default our government has mad…………… continues on Las Vegas Review-Journal

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Credit Card Debt


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ARREST LOG: Nashua Woman Charged for Fraudlent Credit Card Use
News from Patch.com:

A Nashua woman was charged with theft of lost or mislaid property after fraudulently using a credit card left behind at her place of employment.

Ennovi Burgos, 19, of 10 Hanover St., Nashua, turned herself in on July 27 for using a debit card for her own purposes after a customer accidentally left it behind on July 11.

The woman who left the card had presented it to an employee at a local drive-through restaurant and left without getting her card back, police say.

On July 12, the woman realized she didn’t have her card and realized she’d left it at the restaurant. When she called an employee said they had her card. However, while at home, the victim received a call from her credit card company’s fraud division, alerting her to a purchase she didn’t make, police say.

It was determined that Burgos had used the card and a warrant was issued for her arrest.

She was released on $ 750 personal recognizance bail and ordered to appear in court on Aug. 23.

continues on Patch.com
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How credit cards are wooing back the consumer
News from Fox Business:

After the credit crunch and a series of new consumer protection laws, credit card companies have been working diligently get back into good graces with their customers. With promotions involving up to 100,000 bonus airline miles, 5 percent cash back, and gift cards galore, it recalls the old song that goes “Working my way back to you, babeā€¦”

Credit card companies are working to win you over by offering incentives sweet enough to make celebrities jealous. With credit card use and debt at historic lows, according to Javelin Strategy and Research, card issuers are doing everything they can think of to bring you back.

That means more card choices, sexier
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