The Truth Behind Credit Card Debt

Posted by administrator | 22/12/11 | Tagged Credit Card Debt

The Truth Behind Credit Card Debt
News from EQuicknews:

Many people do not wаnt to admit thаt thеy have credit card debt. People in debt оften perceive thе situation aѕ equating tо being а failure. Most people dо nоt want to recognize thаt therе is а real problem аnd thеу аrе embarrassed and ashamed оf having tо seek credit card debt help. They do nоt wаnt othеrѕ tо perceive them aѕ being incapable оf handling theіr own finances.

Debt problems аre oftеn hidden frоm friends and family. People wіll often еven deceive thеіr spouses іnto thinking therе іs nо problem or that thеy hаvе a solution. This onlу leads the person іn charge of the finances into more feelings оf guilt and despair, аnd the mоre they deny аnd cover uр thе situation the bigger the problem becomes. Many marriages аnd relationships are destroyed оver money troubles.

Keeping the problem a secret оr denying that it exists іѕ nоt going tо make thе situation gо away. People who find themselveѕ bеіng slowly dragged deeper and deeper intо debt оftеn trу tо i…………… continues on EQuicknews

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Your credit card bill is high? The state owes $ 19.5 billion
News from The Connecticut Mirror:

Holiday shoppers aren’t the only ones taking a wary look at their credit card balances these days.

State government recently undertook its own annual debt review, looking from several perspectives but coming to the same conclusion each time: Connecticut remains one of the most indebted states in the nation.

The state entered the fiscal year with close to $ 19.5 billion in debt owed to investors who purchased state bonds to finance municipal school construction, capital programs at public colleges and universities, road and bridge upgrades, repairs to state buildings and other projects. That’s according to fiscal projection reports filed recently with the legislature both by Gov. Dannel P. Malloy’s budget staff and by the legislature’s nonpartisan Office of Fiscal Analysis.

Another way to look at that debt, according to Gov. continues on The Connecticut Mirror

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Credit Card Stolen? Here’s What You Do

Posted by administrator | 22/12/11 | Tagged Credit Card

Credit Card Stolen? Here’s What You Do
News from Huffington Post:

Despite high-profile media attention, the odds of having your credit or debit card number stolen by crooks remains at historically low levels. That said, it’s always good to know what to do in case lightening does strike and someone fraudulently uses your card. Left unchecked, they might try to run up bills, drain your checking account or worse — steal your identity.

Here are actions to take if this happens to you, as well as preventive measures that can lessen your risk going forward:

Call the card issuer. First, contact the bank or credit union that issued your card. You’ll find a toll-free number on the back of your card, on your billing statement or at the company’s website. The issuer will closely monitor your account for odd behavior and may either reissue a card with a new CVV (card verification code) number or issue an entirely new card number.

Be sure to change any related passwords or PIN number…………… continues on Huffington Post

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Credit card fees to be banned
News from Telegraph.co.uk:

Over the past few years, card surcharges have risen sharply particularly among low-cost airlines, who were among the first to bring in the levies.

The cost of booking a Ryanair return flight with a debit card has risen 15-fold to £12 since 2004.

The charges have now spread to many other areas including cinema tickets, utility bills, holidays and even some government departments. The DVLA and HM Revenue and Customs charge extra for credit card payments.

Consumer experts say Toyota levied a £75 fee to buy a car with a credit card. The fees are believed to cost consumers hundreds of millions of pounds a year.

In many cases, the charge is only disclosed during the closing stages of the booking process, making it difficult for consumers to compare prices.

Ministers intervened after Which?, the consumer watchdog, complained about the fees to the Office of Fair Trading (OFT), the regulator.

In June, the OFT found that the fees were detrimenta…………… continues on Telegraph.co.uk

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