Credit card use down among college students

Posted by administrator | 19/08/11 | Tagged Credit Card

Credit card use down among college students
News from Debtmerica Relief:

Many college students are now growing wary of taking on credit card debt and opening new lines of credit, and as a consequence are beginning to shun these accounts.

Fewer college students are now using their credit cards and carrying a debt from one month to the next, according to a report from Tampa, Florida, television station WTFS. Recent statistics from the credit monitoring firm Experian showed that credit card balances for college-aged consumers rose just 0.4 percent in 2010, down considerably from the 13.3 percent grow…………… continues on Debtmerica Relief
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Your Phone May Be Less Secure Than You Thought
News from New York Times:

For all of the palace intrigue recently about who in Rupert Murdoch’s News Corporation kingdom knew what about phone hacking when, one fundamental question about the scandal has gone mostly unanswered:

Just how vulnerable are everyday United States residents to similarly determined snoops?

The answer is, more than you might think.

AT&T, Sprint and T-Mobile do not require cellphone customers to use a password on their voice mail boxes, and plenty of people never bother …………… continues on New York Times

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Consumers Paying Bills On Time, Flirting with New Credit
News from Credit Card Guide News:

Reports out this week signaled that even though consumers are inching up on their credit card debt, they are buckling down when it comes to making payments on time.

Quarterly data released by Visa, MasterCard, Discover and American Express showed the average combined debt on all major credit cards increased to $ 4,699 per borrower, up $ 20 from the first three months of this year but still at near record-lows.

But the per-borrower figure is down more than 5 percent from the $ 4,951 average in the second quarter of 2010 and is 16 percent lower than the peak average debt of $ 5,575 in the first quarter of 2009, notes credit tracker TransUnion.

Despite the slightly higher card debt, TransUnion reported the rate of late credit card payments fell to a 17-year low in the second quarter.

The national credit card delinquency rate, which is the measure for payments at least 90 days past due, was 0.6 percent at the end of the second quarter. That’s dow…………… continues on Credit Card Guide News
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How to Negotiate a Lower Interest Rate
News from Credit Card Guide News:

Concerned about high interest charges on credit card debt? You’re not alone. With credit card interest rates at record levels, millions of Americans are paying thousands of dollars each year in interest charges.

Fortunately, if you play your cards right, it’s often possible to negotiate a lower interest rate on your credit cards. This not only saves you money on interest charges, it also gets you out of debt faster since more of the monthly payments will go toward paying down principal instead of interest charges.

Most people know that it’s possible to negotiate a lower interest rate on credit cards, but many are reluctant to try. In a recent survey from Lending Club, 93 percent of those surveyed said that they were aware that it may be possible to negotiate lower credit card interest rates. However, only 29 percent had actually called their card issuer to do so. Significantly, among the 29 percent who made the call, two-thirds were successful.

…………… continues on Credit Card Guide News
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Monopoly Electronic Banking Edition

  • Features a gameboard
  • Comes with title deed cards, chance and community chest cards, 6 debit cards, 2 dice, 6 tokens, 32 houses, 12 hotels and instructions
  • For ages 8 and above
  • Comes with board, Banker Unit, tokens, title deed cards, chance cards, community chest cards, Monopoly bank cards, houses, hotels, dice
  • For ages 8 to 127

Now players can experience the most current version of Monopoly with an electronic banking unit instead of cash. A truly fun experience which utilizes today’s trend of a cashless society.The Monopoly Electronic Banking Edition game combines the best of classic Monopoly with updated electronic transactions. As with the original version, players still operate with money, learn real-world economics, competition and strategy, try to stay out of jail, and try their best to get filthy rich. But this v

List Price: $ 39.99


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