Money Watch: Tips on Tackling Credit Card Debt

Posted by administrator | 05/11/12 | Tagged Credit Card Debt

Money Watch: Tips on Tackling Credit Card Debt
News from WLTX.com:

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Estes Valley LIbrary to host Break the ‘Manacles’ of debt workshop on Nov. 5
News from Estes Park Trail-Gazette:

Manacles: metal band, chain or shackle for fastening someone’s hands or ankles.” That’s a great noun for describing the restrictive power of consumer debt, vividly alluding to the confines of living under the overhang of credit card bills, car payments and student loans.

If you feel overwhelmed and constrained by the debts you have accumulated, you are not alone. Consumer debt is so prevalent that the Estes Valley Library and Common Cents Counts are sponsoring a special seminar devoted to the topic — featuring proven methods for breaking the chains and living debt free.

Did you know the average American household is carrying more than $ 6,700 in revolving credit card debt? More than 20 percent of homeowners with mortgages are upside-down, meaning they owe more than their house is worth. A student graduating with a four-year college degree, on average, has $ 27,000 of student debt. More than 40 percent of all Americans live paycheck to paycheck, all of the time.

It wasn’t always so. Forty years ago, the credit card was practically nonexistent. Only the very rich had credit, and most of them didn’t even think of using the privilege. To buy something, you paid cash or wrote a check for the money that was already in your account. If you applied for a mortgage or bought a car, the bank required money…………… continues on Estes Park Trail-Gazette

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Gate City Musings: Credit card control, and farewell to Dot

Posted by administrator | 05/11/12 | Tagged Credit Card

Gate City Musings: Credit card control, and farewell to Dot
News from The Union Leader:

Editor’s Note: Gate City Musings, a column on City Hall happenings and other Nashua items, is published every other Monday. It is written by a veteran political observer whose identity is known to the editors but who wishes to remain anonymous, and breathing.

Will wonders never cease?

It took years and years before these Board of Education members finally approved a credit card policy that they will oversee, rather than the school superintendent and a couple of school bureaucrats.

Remember that superintendent of schools who came to Nashua all fired up to re-make our schools and policies only to be fired herself (excuse me, she was allowed to resign!) concerning credit card use for expensive meals at fancy hotels and restaurants from here to Texas? Even for meals for herself and, believe it or not, a member of the BOE at the ultra-fancy Wentworth-By-The-Sea hotel.

This former school super was by far one of the most (if not the most) arrogant school employees the Nashua Board of Education has hired in the last 50 years. Since she had a city credit card, one would have thought that the School Board would have immediately begun to review credit card practices themselves rather than waiting almost 10 years to do something decisive. But then government does move rather slowly in the Gate City.

And by the way, how many tax dollars went to this f…………… continues on The Union Leader

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Apple leads legal battle over e-commerce vs. privacy rights in California …
News from San Jose Mercury News:

Parked at the computer and want to use your credit card to buy the latest Lil Wayne song or a cool app on iTunes? Arrange the perfect date on eHarmony? Buy a ticket to a 49ers game on StubHub?

Chances are those online merchants will ask for your personal information to close the deal. And they may just be violating a two-decade-old California law designed to restrict the amount of personal information consumers must provide to make a credit card purchase.

On Wednesday, the California Supreme Court will tackle the unprecedented question of whether that state law applies to online commerce in a legal challenge led by Apple and backed by a host of retailers ranging from Walmart to eBay.

Apple argues that the law, called the Song-Beverly Credit Card Act, applies only to brick-and-mortar businesses and was last revised in 1991, when the notion of an iTunes store wasn’t even a twinkle in Steve Jobs’ eye. E-retailers insist that applying the law could heighten the risk of credit card fraud and identity theft because it would hamper their ability to verify credit card information.

But consumer rights advocates say the law clearly applies to any credit card commerce, including in the online world. And they argue online merchants can protect against fraud without trampling on the privacy rights of cyberspace consumer…………… continues on San Jose Mercury News

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