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Credit Card Debt News

News on Credit Card Debt continually updated from thousands of sources around the net.

5 hrs ago | Forbes.com

Forget Debt As A Percent Of GDP, It's Really Much Worse

When central bankers, macroeconomists, and politicians talk about the national debt, they often express it as a percent of gross domestic product which is a measure of the total value of all goods produced in a country each year.

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Related Topix: Social Security, Personal Finance, Home, Mortgage

12 hrs ago | Hispanic Business

Virginians Struggling With Debt Now Know The 3 Best Online Debt...

BestDebtConsolidationLoans.org specializes in analyzing online debt consolidation loan companies in order to identify those that can be trusted to provide honest debt relief programs.

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Related Topix: Personal Finance

Fri Jul 11, 2014

Daily Kos

Report: Bush Tax Cuts Gutted Americans' Incomes 6.6 Trillion Dollars

According to an analysis by Pulitzer-Prize winning reporter David Cay Johnston , formerly of the New York Times , the Bush tax cuts, touted as a harbinger of prosperity by the Republican Party, actually robbed each American taxpayer of $48,000 in pre-tax personal income during the twelve years of their existence, for a total of approximately 6.6 ... (more)

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Related Topix: Tax, US News, Personal Finance, George Bush, W., US Politics, Sam Brownback, US Senate, Republican

Bloomberg

Give Millennials Credit, Though They Might Not Take It

Breaking News: Most 15-year-olds are clueless about money. That bit of wisdom comes courtesy of the Organization of Economic Cooperation and Development, which quizzed 29,000 15-year-olds in 18 countries.

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Related Topix: Personal Finance

World Magazine

Are America's youth financially illiterate?

Many high-school graduates face a rude introduction to adulthood when they find themselves with student loans and credit card debt they cannot repay.

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Related Topix: Personal Finance, China, World News

Rock Hill Herald

Clover bookkeeper stole from church to pay debt

Sandra Stroupe stole more than $605,000 from the Clover Associate Reformed Presbyterian Church while working as a bookkeeper to supplement her family’s income, pay for living expenses, purchase “relatively modest gifts and luxuries,” and pay off credit card debt that spiraled out of control, according to court documents.

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Related Topix: Personal Finance, Criminal Defense Law, Law

CNN

Should you raid your retirement savings to slash debt?

If dipping into your retirement savings to finally pay off that pesky credit card bill sounds like a good idea, you should probably think twice.

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Related Topix: Personal Finance, Retirement, Home, Mortgage

Thu Jul 10, 2014

Investor's Business Daily

Loan Growth Good News For AMEX, Capital One, Discover

Signs show that consumers are more willing to take on credit-card debt again. The result should be consistently positive loan growth at card companies So said Nomura Securities analyst Bill Carcache in a research note on Thursday.

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Related Topix: Personal Finance

Times-Standard

Moneywatchers: A perspective on retirement

Retirement has become a good news/bad news scenario. The good news is we're living longer and the bad news is we're going to need more money.

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Related Topix: Personal Finance, Retirement, Law, Employment / Labor Law, Social Security, Pension

Forbes.com

Should You Pay Off Your Mortgage?

One of the best feelings and positions in life is to be financially free. Financial freedom found from building sizable savings and being debt free can happen at any age with the proper planning.

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Related Topix: Home, Mortgage, Personal Finance, Business News

The Washington Post

Credit card debt it on the rise. Here is why thata s not a bad thing.

It seems Americans walked away from the recession with a key lesson about credit cards: If you're going to use them, pay them off as quickly as you can.

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Related Topix: Personal Finance, Banking, Financial Services, Federal Reserve Bank of New York, Bank of New York, World News

Ledger-Enquirer.com

Steve Bucci: Credit card debt weighs down our finances

Dear Debt Adviser: I was wondering if working with a credit counseling service to lower your interest rate affects your credit score.

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Related Topix: Personal Finance, Non-Profit

Hispanic Business

BestDebtConsolidationLoans.org Reveals The Three Best Online Debt...

Residents of the Beehive state continue to be plagued by the rising costs of housing, insurance, medical care and fuel.

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Related Topix: Personal Finance

MyBankTracker

7 Deadly Credit Card Sins That Will Leave You Tapped Out and In Financial Hell

Everyone knows about the seven deadly sins - envy, gluttony, greed, lust, pride, sloth, and wrath.

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Related Topix: Personal Finance

Wall Street Journal

Deadbeats No More: Americans Paying Bills on Time at a Historically High Rate

The share of credit-card bills being paid on time is near a two-decade high, according to new data released Thursday by the American Bankers Association .

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Related Topix: Personal Finance

Wed Jul 09, 2014

Credit.com

Can You Escape Your Debt by Moving Overseas?

If you're up to your eyeballs in debt and can't see a way out, the idea of moving to another country and ditching your debts may be very appealing.

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Related Topix: Economics News, Bankruptcy

Seeking Alpha

Are M&A ETFs The Logical Choice For The Sharp Decline In Corporate Share Buybacks?

Judging by the sheer volume of merger and acquisition activity taking place, it appears that gobbling up a competitor or aligning with a strategic partner has replaced the buyback phenomenon.

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Related Topix: Personal Finance, Economics News, Bankruptcy, Financial Markets

USA Today

Financial blunders that can cripple your net worth

I became a fee-only financial planner because I fell victim to many of these scenarios that I mention below.

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Related Topix: Personal Finance, USA Today, Publishing, Media, Retirement, Autos

MSN Money

Prepaid debit cards: What's the catch?

Prepaid debit cards are currently all the rage. These cards are sold at gas stations, grocery stores, drug stores and office supply stores, and several celebrities are creating branded cards with their names.

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Related Topix: Personal Finance

Sys-Con Media

Why You Should Transfer Your Balance, According to CreditCardChaser.com

With smart changes, debtors can bring down the expenses associated with their debt to make their payments go further.

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Related Topix: Personal Finance

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