County board adopts credit card policy

Posted by administrator | 07/09/11 | Tagged Credit Card

County board adopts credit card policy
News from Mt. Carmel Daily Republican Register:

The Wabash County Board of Commissioners Tuesday adopted a uniform procedure covering the use of credit cards by county employees who are issued them by the county.

County board chairman Charlie Sanders called a 15 minute executive session with State’s Attorney Cassandra Goldman before resuming open meeting when the board passed two motions related to the county’s new credit card policy.

The county had made a motion at the Aug. 15 regular meeting, upon the recommendation of the county’s auditor, to suspend the use of all county credit cards until a county credit card policy is approved. Commissioner Gary Stuessel made that motion, seconded by Commissioner Rob Dean who said he would like the policy ready for approval at the next board meeting on Sept. 6. The suspension of credit card use passed, 2-1, with Sanders opposing.

The board directed County Clerk Janet Will to prepare a memo to all county offices that the use…………… continues on Mt. Carmel Daily Republican Register

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3 Debt Plans Offer Way Out

Posted by administrator | 07/09/11 | Tagged Credit Card Debt

3 Debt Plans Offer Way Out
News from Tulsa World:


See the Federal Trade Commission’s 3,225-word primer “FTC – Knee Deep in Debt”



Gail Cunningham, spokeswoman for the National Foundation for Credit Counseling, the nation’s largest financial counseling organization, tulsaworld.com/NFCC, suggests three debt-reduction techniques that depend on what motivates you most.

Snowballing method: When it comes to paying off debt, consumers must initially be more concerned with personal behavior modification than with math. Debt snowballing involves paying off debts from smallest to largest, regardless of interest rate. Paying off the first de…………… continues on Tulsa World


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Top 6 Credit Card Mistakes You Need to Avoid
News from Business Insider:

Despite the many types of financial instruments available to you, your credit cards are probably the ones you use most often. Most cardholders literally wear through the magnetic stripes on their cards by using them so frequently, yet few truly become experts at managing their portfolio of plastic. In fact, too many cardholders unknowingly commit some of the simplest – and most easily avoidable – credit card mistakes.

If you use your credit card on a regular basis, make sure you know these six common mistakes, and how to overcome them:

1. Carrying a Balance
From a couple bucks to a few thousand dollars, running a credit balance may sound like common practice. Though your friends and co-workers may have a cavalier attitude toward their debts, remember the Golden Rule of Credit Card Use: Never carry a balance.

Reports continue to show a majority of cardholders fail to pay their balance in full every month. Falling short by even one ce…………… continues on Business Insider
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Use cards judiciously to improve credit score

Posted by administrator | 07/09/11 | Tagged Credit Card

Use cards judiciously to improve credit score
News from Daily News & Analysis:

The average Indian shopper today is likely to have at least two credit cards in his wallet. In fact this number has been on the rise with banks and credit card companies sending free lifetime credit cards with ‘attractive features’ to anyone who they think fits the bill. These cards sometimes come as a ‘surprise gift’.

As a customer you have the choice to use the card or return it. If you receive a credit card, which you had not asked for you just need to cut it into two and send it back to the bank, declining the offer.

The more cards you have the more tempted you will be to avail the offers on each of them and at some point in time discipline could give way to reckless spending leading you into a maze of spiralling debt before you realise what hit you.

Article continues below the advertisement…

For a spender who is not disciplined in prompt repayments, debt can mount in accelerated proportions.

If you us…………… continues on Daily News & Analysis
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Police pursue paper trail in union funds case
News from The Australian:

NSW police have stepped up their inquiries into Labor MP Craig Thomson’s alleged misuse of more than $ 100,000 of union funds, seeking key details of his credit card use, including who authorised payments.

Union sources have told The Australian that the Fraud Squad has written to the Health Services Union national office seeking more details on the union credit card Mr Thomson used when he was HSU national secretary between 2002 and 2007.

Meanwhile, the HSU has formally transferred duties from national secretary Kathy Jackson, who is being treated in a Melbourne hospital after a nervous breakdown last week.

In a teleconference hook-up on Monday, the HSU national executive appointed Ms Jackson’s deputy, Natalie Bradbury, as acting national secretary.

Ms Bradbury is well connected within the ALP.

Her brother, David Bradbury, is the high-profile Labor MP who held the critical…………… continues on The Australian
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