Coach’s credit card use was quickly reimbursed

Posted by administrator | 28/08/11 | Tagged Credit Card

Coach’s credit card use was quickly reimbursed
News from Fairbanks Daily News-Miner:
FAIRBANKS—When Robert Fuller revealed he wouldn’t be coming back to coach the Fairbanks Grizzlies next season, he also made allegations about money he thinks he’s owed by the Grizzlies, according to his contract.

In an article in Thursday’s News-Miner, Fuller said when “things were tough, (he) stepped up and covered or contributed to (the) player payroll out of (his) own pocket when (the organization) didn’t have the money so (the) players wouldn’t be distracted with pay issues.”

He also said in the article that he used his personal credit card to rent vans and cover gas on road trips.

The Fairbanks Grizzlies don’t dispute that Fuller’s credit card was used on road trips, but what Fuller didn’t mention was that the Grizzlies deposited money into his account before the team left, and those are the funds that were used. The Grizzl…………… continues on Fairbanks Daily News-Miner
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Banks raising fees to make up for lost revenue
News from Ocala:
<p>Many banks have added or raised fees for certain services to offset revenues lost as a result of recent financial reforms, which have restricted credit card and debit fees, and have increased banks’ costs as they work to comply with the reforms.</p><p>The changes include the elimination of free checking and debit rewards programs, higher required minimum balances in checking accounts, higher interest rates and lower credit lines for credit cards, higher ATM fees, and monthly fees to use debit cards.</p><p>Wells Fargo announced last week that it will test a $ 3 monthly fee for debit card users starting Oct. 14 in Georgia, New Mexico, Nevada, Washington and Oregon, following a similar test under way by JPMorgan Chase in Wisconsin.</p><p>The tests follow a cap the Federal Reserve placed on interchange fees that banks charge retailers every time a customer swipes a debit card. The rule is the result of the Durbin amendment to the Dodd-Frank finan…………… continues on Ocala
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Business Credit Card Debt Set to Rise?

Posted by administrator | 28/08/11 | Tagged Credit Card Debt

Business Credit Card Debt Set to Rise?
News from Fox Business:

FICO, the company behind the nation’s most popular (no, wait: the nation’s most widely used) credit scoring system, recently commissioned a survey of of 272 risk managers at banks. 

It’s hard to conceive of a more tedious task than holding a conversation with any “professional risk manager,” let alone one employed in the American banking sector, but someone has to do it. 

Anyway, the survey’s findings did contain some interesting facts.

Business credit card use likely to rise

When asked whether they expected demand for credit from small businesses to grow in the next six months, 74% of respondents said yes. But only 46% thought that the supply of credit to those small businesses would increase. That’s quite a shortfall, and bigger than the one FICO found when it posed the same questions to bank risk managers in Europe. (Who’d have thought it? We’ve already discovered a more tedious task than talking to risk managers in American b…………… continues on Fox Business
… Read the full article

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First credit card? Five key tips for college students.
News from Christian Science Monitor:

If getting a credit card is a rite of passage for college students, choosing the right plastic and learning how to use it responsibly is a matter of life and debt. Young people age 18 to 24, carry an average credit card debt of $ 2,002, according to Before you end up as a debt statistic, learn to pick the right card and manage your credit before getting your hands on plastic. Here are five things every new credit cardholder should know:

Getting a first credit card (like the Central Michigan University student in this file photo) is a rite of passage for many college students. Be sure to be selective when you apply for one. (Ben Garvin/The Christian Science Monitor)

Think of your credit score as a…………… continues on Christian Science Monitor

… Read the full article

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