Avoid money madness on Black Friday and beyond: 5 tips to avoid debt in …
News from Washington Post:

CHICAGO — Black Friday deals are starting early this year, and that means more pressure to spend spend spend.

As the holiday shopping season expands and retailers make impulse buys ever-easier via smartphone and otherwise, consumers have to be extra-disciplined to avoid money trouble.

Gallery

Here’s a look at the cities where interested buyers can find the best discounts on foreclosures compared to their full market value.

  • READ: Deep discounts on foreclosed home are disappearing

… Read the full article
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Athens’ businesses use smart phones to scan credit cards
News from Red and Black:

With a swipe through a one-inch square reader on a smart phone, businesses can now process all major credit cards.

Hundreds of businesses and individuals in Athens are using this technology.

This technology is from Square, a company which was founded in 2009 and made available to the public in 2010. With the addition of a one square-inch reader, Square enables companies to accept major credit cards with free hardware and software. Companies can choose to either pay per swipe or per month with Square. 

Lindsay Wiese, communications associate at Square, said businesses are ahead of the curve by using Square. She said it gives businesses and individuals more ways to accept payments and offers the ability to have more sales. 

“They’re never having to turn away customers because they don’t accept credit card payments,” Wiese said. “It’s making sure commerce can easily flow between the merchants and the customers, and they can always accept payments for their products or services.” 

Linda Chambers, owner of Bee’s Knees Bakery & Gifts, said she has used Square for the past five months at her business and loves using it because of the ease of the program. 

“The convenience of it is fabulous,” Chambers said. “You go to

… Read the full article


Mortgage Secrets Exposed – Real Estate.
How Anyone, With Any Credit Can Get Any Mortgage Fast & Easy! Get Any Loan With Bad Credit: Mortgages, Home Loans And More!
Mortgage Secrets Exposed – Real Estate.

DebtAdviser: Pay credit card debt with retirement fund?
News from ScrippsNews:

DebtAdviser: Pay credit card debt with retirement fund?
STEVE BUCCI
bankrate.com
11-12-12

Dear Debt Adviser: I’m 47 and have a retirement fund that’s worth $ 209,000. I also have two credit cards with a total balance of $ 9,900, interest rates of 8.8 and 11.8 percent, and a combined monthly payment of $ 200. Should I use my retirement fund to pay my credit card debt? My retirement fund allows me to take out two loans at any given time, and I can get loans for 50 months at 4.25 percent interest. — Julie

Dear Julie: I lean toward Murphy’s law when planning. If something can go wrong, it will, and it’ll happen at the worst possible time. So I’d be cautious. You certainly could take out a loan from your retirement fund account, but why would you? The negatives of raiding your retirement fund outweigh the positives.

True, you would pay less on interest charges with the retirement fund loan than your credit cards. But you would lose the compounding interest on the money you borrow. In addition, if you change employers or get fired, your loan would become due in full. In most cases you’d be required to repay that loan 60 days after a change in employment. You could end up losing nearly half of your loan to early withdrawal penalties and taxes on the money you borrowed. You have a great start on your retirement savings. I say…………… continues on ScrippsNews

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To Forgive Is Divine (Then Comes the Tax Bill)
News from Businessweek:

The people who brought you Occupy Wall Street have come up with an extremely clever idea: raising money to buy random citizens’ overdue debt, and then—poof!—forgive it. One day a debtor is fielding calls from a collection agency; the next day, she’s not.

If this vanishing act sounds too good to be true—and it might be, but we’ll get to that—it helps to start at the beginning. Debt is easiest to think about as a negative thing: It’s money you owe somebody. From that somebody’s perspective, though, debt is money coming due. That makes it an asset that can be bought and sold—at a discount based on the likelihood it will be repaid.

When debt becomes overdue, it gets cheaper, and when it becomes really overdue, it sells for pennies on the dollar. Whoever buys debt can do whatever they like with it—including forgive it. That’s the idea that Strike Debt, a group that grew out of the Occupy Wall Street movement, says it will put into practice with a project it calls the Rolling Jubilee. For every dollar contributed, the group expects to be able to buy and forgive $ 20 of distressed debt.

David Rees, a humorist best kn…………… continues on Businessweek

… Read the full article


Glyph’s New iPhone App Tells You What Credit Cards To Use To Earn Better …
News from TechCrunch:

Glyph is a new mobile application, now live in the iTunes App Store, that will tell you the best credit card to use in order to earn the most valuable rewards, whether that’s cash back, travel or hotel loyalty points, discounts, or any other type of credit card-activated reward. At launch, the company supports over 250 credit cards, including the top 18 credit issuers in the U.S., representing over 90% of today’s credit cards transactions.

The company, founded by ex-Accenture employees, Mike Vichich (CEO) and Tyler Felous (CTO) in April of this year, aims to be “the consumer’s financial advocate on the go,” Vichich tells me. “There are relatively few resources to help consumers make better, smarter decisions while they’re o…………… continues on TechCrunch

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Justices say lawyer can’t use laws to get around government immunity for …
News from Washington Post:

WASHINGTON — The Supreme Court on Tuesday issued its first opinion of the new term, saying a lawyer cannot combine two laws to sue the federal government for violating identity theft protection laws banning the printing of credit card numbers and expiration dates on receipts.

The justices’ first such rendering of the term was unanimous, as the court turned aside lawyer James X. Bormes’ attempt to sue the United States using a combination of the Fair Credit Reporting Act and the Little Tucker Act.

Gallery

Here’s a look at the cities where interested buyers can find the best discounts on foreclosures compared to their full market value.

… Read the full article


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