Sometimes A Credit Card Is More Useful Than A Debit Card

Posted by administrator | 13/09/12 | Tagged Credit Card

Sometimes A Credit Card Is More Useful Than A Debit Card
News from Business Insider:

Flickr / BeauGiles

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Man tried to pay bartender with credit card he stole from bartender, say Miami …
News from CBS News:

(Credit: CBS)

(CBS/AP) MIAMI BEACH, Fla. – Rules to live by:

#1 – When stealing someone’s credit card, don’t try to use it at a store where the actual credit card owner works.

Police in Miami Beach say that’s what happened when a homeless man broke into a car, stole a credit card and then tried to use it to buy a beer – from the bartender who owned the card.

The case was cracked when 53-year-old David Weber handed the card to the bartender who took his order Monday night. The Miami Herald reports the bartender noticed he had just been handed his own credit card. (eureka moment!)

The bartender called Miami Beach police. Weber was charged with credit card fraud and theft.

Police say Weber told them he found the credit card on the ground. He was being held in the Miami-Dade County Jail Wednesday.


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Credit Card Usage on the Decrease in the United States

Posted by administrator | 13/09/12 | Tagged Credit Card Debt

Credit Card Usage on the Decrease in the United States
News from ParamusPost.com:

By Angela Sanders    Thursday, September 13, 2012, 07:11 AM EDT   

July 2012 saw people actually cutting back on debt for the first time in nearly an entire year. It was also seen that credit card usage fell for the second straight month. This is an indicator of the fact that consumers should remain cautious in the face of high unemployment and slow growth. This has also led to the consumers becoming more conscious about taking credit for otherwise they’d have to resort to debt consolidation non profit, or debt settlement, and other such debt relief measures.

Statistics revealed by the Federal Reserve say that total consumer borrowing has fallen by 3.3 billion dollars in July 2012 to somewhere around 2.075 trillion dollars. However, this drop in credit rate has been counterbalanced by a slight rise in student loans and auto loans.

The Federal Reserve also says that people have been borrowing much more than was previously estimated. This finding was based on consumer borrowing data since December 2010. June 2012’s figures have been observed to be well above the pre-recession levels. The interesting fact is though cons…………… continues on ParamusPost.com

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US consumers cut back on credit card use for 2nd straight month, pushing down …
News from Washington Post:

WASHINGTON — Americans cut back on borrowing in July for the first time in nearly a year. Credit card use fell for the second straight month, suggesting many consumers remain cautious in the face of high unemployment and slow growth.

Total consumer borrowing dipped $ 3.3 billion in July from June to a seasonally adjusted $ 2.705 trillion, the Federal Reserve said Monday. It was the first decline since August 2011. The drop in credit card debt offset a small rise in a measure of auto and student loans.

Gallery

It seems as if a new phone hits the market everyday. Here’s a look at some of the latest smartphones.

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