Babcock given repayments breathing space Dec 4, 2008
Some low interest credit cards charge interest of around 12 per cent.. B be allowed to repay the interest on the new loan and existing debt on a "pay if you can" basis, and debt covenants on the existing borrowings have been suspended. (Ninemsn)
A need for fiscal responsibility and leadership Dec 4, 2008
Free Thinker wrote on Nov 24, 2008 8:57 AM:" By the way, it is of no obligation for Mr. Sorrells to provide a solution for today's economic situation. It appears to me that Mr. Sorrells is living comfortable within these tough times & may I say I too am living comfortable. However, I have always maintained a strict, fiscally conservative, house hold budget. I never carry a balance on all of my credit cards, my wife still clips coupons, prepares a big meal that will last for at least 3 days, &... (Sierra Vista Herald, AZ)
O'Neill warns of economic disaster in U.S. Dec 4, 2008
"Their kids go to schools that are more pricey than they could afford at $90,000. Their credit cards are supported by a much higher" level of income. Pay cuts for all of those workers would lead to credit card defaults for some, or mortgage defaults, or car payment defaults -- or all of the above. (Pittsburgh Post-Gazette, PA)
Remember to celebrate the 'reason for the season' Dec 4, 2008
The CEOs of Ford, Chrysler and GM first paraded into Washington, D.C., in their corporate Learjets, wearing their designer suits with corporate credit cards in their wallets asking the American taxpayers to give them financial assistance. They should file Chapter 11 if they need to. (NJ.com -- Times)
Treasury Ponders Rate Relief for Home Buyers Dec 4, 2008
That, in turn, could boost the economy and improve the weak outlook for other consumer loans, such as credit cards, that also are weighing heavily on the banking industry's profitability. Normally, the rates lenders charge consumers, including home buyers, are determined by the secondary market, in which investors buy mortgages or mortgage-backed securities. (SmartMoney)
Credit card rates fail to show big falls Dec 4, 2008
6 of a percentage point in early November, including its Low-Rate and Low-Fee card and its gold and platinum credit cards. In mid-November, ANZ cut the interest charged on eight on its cards by between 0. (The Age, Australia -- Business)
It's not quite time to pull out props from Babcock Dec 4, 2008
The interest being charged on the new loan is exorbitant - in fact, not far removed from the amount we pay on credit cards. But the interest may not be payable immediately because the new arrangements operate on a pay-if-you-can basis. (Sydney Morning Herald -- Business)
NAB boss Ahmed Fahour hits out at focus on card rates Dec 4, 2008
"Credit cards, which account for 2 per cent of (bank) outstanding balances, don't take up much of my time because I'm focused on the 98 per cent of balances that make a real difference to the economy.". Of the Big Four, only NAB and CBA passed on the full 100-basis point cut in official interest rates on Tuesday to customers, with ANZ cutting its variable home-lending rate by 83 basis points compared to 80 basis points for Westpac. (The Australian)
Round two for credit crisis Dec 4, 2008
The lending facility, operated by the Federal Reserve, will "increase the availability of auto loans, student loans and credit cards," the paper said, funded in part by the $700-billion bailout plan approved by Congress. The plan was initially focused on buying up the bad mortgage-related assets, but Paulson shocked markets last month by switching strategy to focus on capital injections for struggling banks. (Business Report, South Africa)
Bank's profit to top 6bn Dec 4, 2008
8bn last week, caused outrage when he told the committee that he advised his children not to borrow on credit cards because they are "too expensive". Gordon Brown, the Chancellor, took steps to cut the cost of business banking two years ago, after accusing the high street banks of making 2. (Yahoo News -- Banking & Financial Services)
Make sure the holidays are happy Dec 4, 2008
Take only the credit cards you intend to use and avoid carrying large amounts of cash. Know where your purse or wallet is at all times. (Lebanon Express, OR)
Book Summer Vacation Now, Pay For It Later Dec 4, 2008
AAA says many customers are using that option so they can take advantage of lower fares without it coming out of their pockets or putting it on their credit cards. "I actually think people take advantage of it to avoid those high interest rates on their credit cards," said Barnes. (W-USA News, DC)
Correspondent's diary: Financial literacy, day two Dec 3, 2008
Up until now she had been using credit cards to finance her spending. I asked her if she understood what high interest-rates and late fees could do to her credit. (The Economist)
Brookline's Roadhouse serves up American classics Dec 3, 2008
Most major credit cards accepted (no American Express). Wheelchair accessible. (Boston Globe)
The Young Pro Dec 3, 2008
Saturday, August 2, 2008 12:10 PM EDT. Harkins is The Citizen's innovation coordinator, an active member of the IGNITE young professionals group in Cayuga County and is always happy to hear from fellow young pros. (Auburn Citizen, NY)
Turbulence may be needed to transition to new functionality Dec 3, 2008
thanks oj myers " HFFK wrote on Dec 2, 2008 3:37 PM:" Me either, I have written to the Bulletin about some things that I am sure got marked as "leftist rantings" and deep sixed. I really enjoy your column and the knowledge I have gained from reading it is priceless. (Brownwood Bulletin, TX)
A bedside guidefor Henry Paulson Dec 3, 2008
It's the same with securitization, the modern practice of rolling and bundling up loan receivables, whether from home mortgages, credit cards or even student and car loans, into marketable, interest-bearing bond-like securities that investors looking for higher yields than plain old government bonds might want to buy ... If this phenomenon had been allowed to continue and intensify, it would have eventually resulted in all the trillions of the world's credit cards, even the ones held by those... (Asia Times Online)
Do uni students pity themselves too much? Dec 3, 2008
The banks hand out credit cards like they are going out of style, when I was working a full time job on a decent salary, my sibling still a full time student was given a credit card with a higher credit limit than my own. Go figure. (Sydney Morning Herald -- Opinion)
Survive holiday with simple tips Dec 3, 2008
Don't take credit cards with you that you don't plan to use. More Lifestyles. (Brewton Standard, AL)
Feds to expand rescue; reviewing applications from 'hundreds of banks'... Dec 3, 2008
The effort calls for the Federal Reserve of New York to lend $200 billion to investors in securities backed by consumer debt, such as student loans, car loans and credit cards. The Treasury Department will allocate $20 billion to cover any losses that the New York Fed might suffer if that debt defaults. (The Drudge Report)
How can you prevent identity theft? Dec 3, 2008
How can you prevent identity theft. $7 online stock trades. (MSNBC -- Crime)
Privacy Tips Dec 3, 2008
All it takes is a social security number for a thief to obtain credit cards, loans and other lines of credit in your name ... Most credit cards companies give you credit when something goes wrong. (Yahoo News -- Online Privacy)
Credit Crunch Van Raids Dec 3, 2008
Hugh Gilmour, a risk director for security services company , blamed shoppers carrying cash instead of high-interest credit cards ... A new breed of extrapreneur is using Ebay, paid marketing surveys and cashback credit cards to beat the crunch. (Sky News)
* [TECHNOLOGY REVIEWS] Dec 3, 2008
The Mini 7 prints instant color photos the size of credit cards in minutes. The Instax Mini costs US$130 from UrbanOutfitters. (Taipei Times, Taiwan -- World)
Bankruptcy filings surged last month Dec 3, 2008
"Instead of there being overuse of credit cards, what you mostly see is people losing their jobs.". November unemployment figures aren't out yet, but October's report from the state Department of Labor and Industrial Relations shows the state's seasonally adjusted unemployment rate stood at 4. (Honolulu Advertiser)
26/11 was a suicide attack: Police chief Dec 3, 2008
"They carried it in their rucksacks,'' he said. He clarified that identity cards found on them were fake and credit cards in their possession belonged to the victims. On the IB passing on information about possible attacks, he said, "One we received was after the Marriott attack in Pakistan and another on attacks in Gujarat and South India. . (Times of India)
Citibank Malaysia strong enough to beat crisis Dec 3, 2008
We tell our clients its important to manage their cash flow well whether in managing their risks, in investing or credit terms to business partners, Sanjeev said, noting that at the consumer level, ideas that conserved cash such as co-branded credit cards had become a more attractive proposition. Citibank Malaysia has co-branded credit cards with partners such as Shell, Giant and AirAsia to offer rebates for fuel, food and travel. (The Star Online, Malaysia)
Firefighter Sentenced For Arson Re-Arrested Dec 3, 2008
Placerville police were tipped off about the stolen weapons by a person who came into the police station and said they knew that people had broken into a house and stolen guns, jewelry, coins and credit cards, officials said. When Cunha was sentenced in March, Deputy District Attorney Worth Dikeman said Cunha would go to state prison if he violated any of the rules of his probation. (KCRA 3, CA)
Shopper Has Purse Stolen In Mall Bathroom Dec 3, 2008
Woman's Credit Cards Used At Wal-Mart ... The person who took Nguyen's purse used her cards to withdraw a total of $3,000 from her banks and used credit cards repeatedly at a Wal-Mart in Rancho Cordova, according to Nguyen's account receipts. (KCRA 3, CA)
Scrip Program offers gift cards for holidays Dec 3, 2008
Scrip cannot accept credit cards so please bring your checkbook. The schools also have Scrip Representatives who sell from a box of cash/check and carry gift cards. (Medfield Press, MA)
Woman Who Stole From Cancer Victim Sentenced Dec 3, 2008
Pappas -- who said she is in "fragile remission" -- told the court that Ramirez used her stolen credit cards to travel on Carnival Cruise Lines and take trips to New York and Colorado. Deputy District Attorney Joan Stein said Citibank has reimbursed Pappas $38,000, although the victim said she has yet to see the money. (TheSanDiegoChannel.com, CA)
Property tax deadline approaching Dec 3, 2008
Taxpayers also can pay their bills online using credit cards, but there is a handling fee. Bee staff writer J.N. Sbranti can be reached at or 578-2196. (Modesto Bee, CA)
Queen's speech: Banks face fines for breaking new lending rules Dec 3, 2008
A new commitment on responsible lending A new commitment on current account switching More help for customers who may be heading towards financial difficulties Strengthened credit assessment practices to enhance responsible lending Clearer information about products, including pre-sale summary boxes for unsecured loans and savings accounts Prohibition of account closure as a result of a customer making a valid complaint Information on how to find lost accounts Greater... (guardian.co.uk)
What is this mess? Dec 3, 2008
Offers for credit cards you don t need. Shred them immediately, instead of stacking them on your desk to deal with later. (Corvallis Gazette Times, OR)
More cuts and cash to come Dec 3, 2008
The shadow treasurer, Julie Bishop, said banks should pass yesterday's cut on in full not only to home loans but to credit cards and business loans. She will today call on the Government to request Treasury produce fresh economic forecasts. (The Age, Australia -- Business)
Interest Rate: The Secret Agents Dec 3, 2008
A new breed of extrapreneur is using Ebay, paid marketing surveys and cashback credit cards to beat the crunch. Find out how you can too. (Sky News)
Clubhouse sale begins Friday Dec 3, 2008
Cash and credit cards will be accepted; personal checks will not. "The clubhouse sale is huge, No. 1 because of the venue," said Rich Schlesinger, the Brewers' executive vice president of business operations. (MLB.com -- Milwaukee Brewers)
COMMENT: Don't March To Their Beat Dec 3, 2008
The confessions of one of the terrorists involved in the Mumbai terror attacks and the personal artefacts, arms and ammunition, credit cards and cellphones recovered are available. It is very likely that the US National Security Agency and the communication intelligence agencies have recorded the satellite telephone conversations between the terrorists and their handlers in Pakistan, as has been done by India. (India Times, India)
The further adventures of Yacouba Sawadogo Dec 3, 2008
For American consumers to buy $400 billion worth of goods now would require maxing out a ton of credit cards, and digging themselves even deeper into debt at a time when credit card companies are raising interest rates as fast they can. But let's suppose you are not underwater on your mortgage, you don't have any credit card debt, you're gainfully employed, and you are staring at a $499 price tag for a 32-inch flat screen HDTV from Sony. (Salon)
Check but don't photocopy driver's licences, privacy watchdogs ... Dec 3, 2008
The Alberta privacy commissioner fielded several complaints against retailers who recorded licence numbers while completing credit cards transactions. The retailers argued the process was intended to stave off credit card fraud, though the privacy commissioner responded that a careful examination of the driver's licence would have proved sufficient. (CBC.ca)
Oil's under $50; corn's under $3.50; so what's up with food prices? Dec 2, 2008
Techno-less wrote on Nov 30, 2008 5:43 AM:" It's the nature of the corporate beast. A long time back the coffee crops were severely damaged by bad weather. Prices skyrocketed because there was less coffee available...at least that was the excuse. In subsequent years, the coffee farms recovered and even managed a few bumper crops. The prices remained at the higher levels. Evidently corporate types don't know how to count backwards. Or maybe they hoped nobody would notice.They also hope we won't... (Mattoon Journal-Gazette, IL)
Credit card companies to pare lending Dec 2, 2008
More than 70 percent of US households have credit cards ... More than 70 percent of US households have credit cards, she said. (Boston Globe)
The Young Pro Dec 2, 2008
Saturday, August 2, 2008 12:10 PM EDT. Harkins is The Citizen's innovation coordinator, an active member of the IGNITE young professionals group in Cayuga County and is always happy to hear from fellow young pros. (Auburn Citizen, NY)
Black Friday shopping results not entirely negative Dec 2, 2008
I don't use credit cards. The only way I've been effected by this economic slowdown is by lower gas prices. (TG Daily)
Columbus Police Break Up 'Hooker Raffle' Dec 2, 2008
Low Interest Credit Cards ... Low interest credit cards offer lower APRs, which means more of your money stays in your wallet. (KSBW 8, CA)
Dordt College plans art show, sale at Centre Mall Dec 2, 2008
Purchases can be made with cash or checks, but students will be unable to accept credit cards. Story Comments. (Sioux City Journal, IO)
Bush: `I'm sorry' economic crisis is occurring Dec 2, 2008
Last week, the Bush administration and the Federal Reserve pledged $800 billion to break through blockades on credit cards, auto loans, mortgages and other borrowing. The latest moves raised U.S. commitments to contain the financial crisis to nearly $7 trillion though no one thinks the government will actually spend that much. (MSNBC -- Politics)
Privacy Tips Dec 2, 2008
All it takes is a social security number for a thief to obtain credit cards, loans and other lines of credit in your name ... Most credit cards companies give you credit when something goes wrong. (Yahoo News -- Online Privacy)
Fine print reveals true cost of gift cards Dec 2, 2008
And merchants often decline transactions that cost more than card balances, just as they would with credit cards. Text on the back of the gift card disclosed the fee, Herdman discovered. (Florida Today)
Report: Aging population could strain state budgets Dec 2, 2008
armywife wrote on Dec 1, 2008 6:36 PM:" Well, well. I guess we old people are becoming a burden to the state of Iowa. We are sorry for that. Of course, we were not a burden when we were putting in 37 years at John Deere and paying some of the highest state taxes in the country. We were not a burden when we served in the armed forces. We suddenly have become "useless" because we chose to stay and enjoy a retired life in Iowa. I guess if you don't want us we can leave. Of course that means taking... (Waterloo-Cedar Falls Courier)
Money lessons Dec 2, 2008
Ericka in Renton, Washington, says she sees advertisements and signs marketing credit cards for teenagers ... "And reality needs to be about money, mortgages, investments, credit cards ... you know, the whole range.". (CNN)
Next U.S. crisis: Credit cards Dec 2, 2008
Government intervention or not, banks will be cutting up America's credit cards at an unprecedented rate, with grave implications for the economy and company profits ... Whitney notes that the three largest credit card lenders, Bank of America , Citigroup and JPMorgan Chase, which together account for more than half of the amount outstanding on U.S. credit cards, have each discussed reducing card exposure or slowing growth ... I would argue that far from being nonfunctioning, financial markets... (International Herald Tribune -- Business)
Davis Professor Missing Since Sunday Dec 2, 2008
Walker did not have his cellular phone, credit cards or medications when he disappeared. He was last seen driving a red 2007 Toyota Tacoma truck with a California license plate of 8G85565. (KCRA 3, CA)
Petaluman faces variety of charges Dec 2, 2008
During a search, they found the woman had some credit cards and a video camera that also belonged to the owner of the car. So Kirsten Dunnigan, 49, of Petaluma, was charged with burglary, possession of stolen property, vehicle theft, possession of a stolen vehicle and being under the influence. (Sonoma Index-Tribune, CA)
More cuts and cash to come Dec 2, 2008
The shadow treasurer, Julie Bishop, said banks should pass yesterday's cut on in full not only to home loans but to credit cards and business loans. She will today call on the Government to request Treasury produce fresh economic forecasts. (Sydney Morning Herald -- Australia)
Police and fire log Dec 2, 2008
A purse containing checkbooks and credit cards reported missing. 9:34 p.m. Littering reported on Barker Road. (Boxford Tri Town Transcript, MA)
Mortgage Delinquencies to Double in '09 Dec 2, 2008
By the end of this year, the ratio of credit-card borrowers who are 90 days or more delinquent on one or more of their credit cards is expected to reach 1. 09% -- roughly the same levels reached at the end of 2007, and flat with third-quarter levels -- according to TransUnion. (SmartMoney)
What is this mess? Dec 2, 2008
Offers for credit cards you don t need. Shred them immediately, instead of stacking them on your desk to deal with later. (Corvallis Gazette Times, OR)
Credit-card fraud scheme sentence (5:41pm) Dec 2, 2008
(AP) - A man who admitted using phony credit cards in a fraud scheme will spend 3 years in a federal prison. Acting U.S. Attorney Julia Dudley said 40-year-old Dereck Dunston of Evington was sentenced Monday. (WTVR.com, VA)
RATE CUTS WON'T BE ENOUGH: Bernanke says Dec 2, 2008
For example, the Fed has announced special lending programs designed to open frozen markets for short-term commercial paper, credit cards, auto loans and student loans. "Such programs are promising because they sidestep banks ... to provide liquidity directly to borrowers or investors in key credit markets," Bernanke said. (USA Today -- Money)
Consumers forgoing discounts Dec 2, 2008
Under the plan, the Federal Reserve will lend money to firms that provide student loans, auto loans and credit cards, as well as loans backed by the Small Business Administration. The market for those types of financing "essentially came to a halt in October," Treasury Secretary Henry Paulson said last week, leading to a lack of affordable credit that "weakens our economy.". (Casper Star-Tribune, WY)
Courts for Tuesday, December 2, 2008 Dec 2, 2008
Shelley is accused of stealing a woman s purse Saturday from the restaurant where Shelley works, then using the woman s credit cards to pay her phone bill and go to a movie. The new crimes also violate a previous felony bond, according to the criminal complaint. (La Crosse Tribune, WI)
Pay off debts as rates fall, says Resi Dec 2, 2008
Resi Mortgage Corporation head of consumer advocacy Lisa Montgomery said that despite the falling cash rate, consumers were still racking up high interest debts on credit cards. "If borrowers who are still highly geared take the time to compare their mortgage and credit card rates and what each is actually costing them, they can act now to shake off the remaining vestiges of `affluenza' and get rid of their high interest rate credit card debt," Ms Montgomery said. (Sydney Morning Herald -- Business)
CBA, NAB cut standard variable rate by 1% Dec 2, 2008
"Interest rates for credit cards, deposit rates and rates for business lending including agri-business are under review," he added. Treasurer happy with bank action. (Business Spectator)
Santa Fe ISD Passes Cell Phone Law Dec 2, 2008
Student Credit Cards ... Undergraduates who use their student credit cards wisely certainly appear that way. (Click2Houston, TX)
