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Credit Card Debt

A Forerunner of Credit Card Debt Helped Spawn the Revolutionary War

Russ Wellen | Posted 04.12.2009 | Business

Read More: Financial Crisis, Debt, Credit Cards, Credit Card Debt, Credit CARD Act, Usury, Business News
Russ Wellen

Even George Washington had reasons other than unadulterated fealty to Lady Liberty for rejecting foreign rule. In fact, what galvanized him was the 18th century version of credit card debt.

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Schumer Will Investigate Posthumous Debt Collection

AP | Posted 04.11.2009 | Politics

Read More: Chuck Schumer, Charles Schumer, Schumer, Debt, Credit Card Debt, Posthumous Debt, Politics News

WASHINGTON — A senior senator is asking the Federal Trade Commission to investigate reported instances of debt collection firms asking people to...

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Younger Than Barbie, Older Than Barack

Chip Conley | Posted 04.09.2009 | Business

Read More: Barak Obama, Barbie, Credit Card Debt, National Debt, TED Conference, Economic Crisis, Business News
Chip Conley

Barack's Inaugural address basically told us it's time to grow up. I guess he was speaking to me and my classmates who've been "kids in the candy store" for most of our adult life.

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Looking for Bailout Love in All the Wrong Places

Don McNay | Posted 04.03.2009 | Business

Read More: Citigroup CEO, Wall Street Bailout, Hank Paulson, Wayne Rogers, Lobbyists, Credit Card Rates, Todd Thomson, Fox Business Network, Common Sense, Aig, Citigroup Rescue, Bailout, Insurance, Maria Bartiromo, Hank Greenberg, Mash, Kentucky, Lexington KY, Personal Finance, Credit Card Industry, New AIG Bailout, Bad People, Maurice "Hank" Greenberg, Auto Insurance, Cnbc, AIG Bailout, Don McNay, Credit Card Debt, Credit Cards, Insurance Companies, Insurance Industry, Robert Rubin, Debt Collectors, Citigroup Stock, Credit Card Interest Rates, Wall Street Crisis, Citigroup Bailout, Good People, American Insurance Group, Bad-Deals, Ron Shelp, Good-Deals, Citigroup, Bailout Outrage, Business News
Don McNay

Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.

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Citibank Hates Old People

Mena Trott | Posted 03.29.2009 | Business

Read More: Interest Rates, Tarp, Elderly, TARP Money, Economy, Economic Crisis, Credit Crisis, Credit Card Debt, Credit Cards, Credit Crunch, US Economy, Vikram Pandit, Bailout, Banking, Citibank, Banks, Bank Bailout, Citigroup, Business News
Mena Trott

During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.

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The Importance of Focusing on Credit Card Debt

Sen. Robert Menendez | Posted 03.28.2009 | Business

Read More: Senate, Congress, Foreclosure Crisis, Economy, Economic Crisis, Credit Cards, Credit Card Debt, Credit Card Industry, Credit Card Issuers, Business News
Sen. Robert Menendez

The bottom line is that, more than ever, we cannot allow credit card companies to continue fleecing consumers, or making them feel like it's all one big guessing game.

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The Credit Card Debt Crisis: The Next Economic Domino

Arianna Huffington | Posted 03.27.2009 | Business

Read More: Debt, Consumer Debt, Economy, Economic Crisis, Financial Crisis, Credit Crisis, Credit Cards, Credit Card Debt, Bank of America, Business News
Arianna Huffington

Hot on the heels of the banking crisis, the employment crisis, and the mortgage/foreclosure crisis, the country is on the verge of experiencing a credit card crisis.

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Cancel Amex, Get $300

CreditMattersBlog.com | Posted 03.26.2009 | Business

Read More: Credit Card Payments, American Express $300, Credit Cards, American Express, Credit Card Companies, Amex Cancel, Credit Card Debt, Credit Card Industry, Amex $300, Amex, Cancel Amex Get $300, Business News

Wow. American Express must be getting desperate. In a bid to RID itself of customers, Amex will give you a $300 prepaid credit card if you cancel your...

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Citigroup And The Credit Card

Christopher Brauchli | Posted 02.15.2009 | Business

Read More: Bailout Plan, Citigroup Stock, Credit Crisis, Credit Card Debt, Citigroup Bailout, Citibank, Interest Rates, Citigroup Customers, Citigroup Interest Rates, John Stumpf, Vikram Pandit Citigroup, Vikram Pandit, Credit Card Interest Rates, CEO Bonuses, Financial Crisis, Citigroup Credit Card, Winfried F. W. Bischoff, Business News
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

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The Critics and the Credit Cards

Christopher Brauchli | Posted 02.09.2009 | Business

Read More: Interest Rates, Credit Cards, Credit Card Debt, Bankruptcy, Interest Rate, Conspicuous Consumption, Money, Consumption, Buying Power, Business News
Christopher Brauchli

Credit card companies do not limit themselves to tutoring consumers in the art of financial responsibility. They try to insure that everyone who wants a credit card has one.

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Making the Best of the Economic Mess

Don McNay | Posted 01.29.2009 | Business

Read More: Journalists, Wall Street Bailout, Self Help, Economy, Economic Crisis, Credit Card Debt, Credit Cards, 2009, Wall Street Crisis, Wall Street, Private Jets, Kentucky, Banks, Bonuses, Entrepreneurship, Auto Industry, Wall Street Bonuses, Personal Finance, Business News
Don McNay

I don't know how a Citigroup collector is going to convince an unemployed worker that he has a moral obligation to pay up. Thus, I am expecting huge credit card defaults in 2009.

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Going Into Debt For Obama?

Joanne Bamberger | Posted 01.08.2009 | Politics

Read More: Credit Crisis, Credit Card Debt, Economy, Obama Inauguration, Barack Obama, Economic Crisis, Inauguration Day 2009, Inauguration Day Events, Family Budgeting, Personal Debt, Recession, Politics News
Joanne Bamberger

President-elect Obama, tell families to stay home on Inauguration Day, save their money for their kids and enjoy the festivities on TV.

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Fixing the Economy, from the Bottom Feeders Up

Don McNay | Posted 12.18.2008 | Business

Read More: Gamblers, Wall Street Bailout, Hank Paulson, Wall Street Crisis, Loan Sharks, Economy, Kentucky, Banks, Payday Loans, Credit Cards, Credit Card Debt, Tax Anticipation Loans, Helping the Poor, Business News
Don McNay

I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.

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The Negotiated Rate: 35% on a Merrick Bank Credit Card

Alex Geana | Posted 12.12.2008 | Business

Read More: Credit Crisis, Bail Out, Credit Card Debt, Housing Crisis, Business News
Alex Geana

What will jump start the economy is my ability to find opportunity and spend again (along with millions of others). Now I'll be maintaining debt, instead of contributing to the next retail quarter.

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Let's Rescue "The Bank of You and Me"

Robert Reed | Posted 11.15.2008 | Chicago

Read More: Government Bailout, Bailout, Economy, Bernanke, Bank of You and Me, Wall Street Crisis, Credit Card Debt, Main Street Bailout, Mortgage Crisis, Chicago News
Robert Reed

All this ruckus over the financial rescue package is prompting many people to cook up their own plans for saving our economy. One innovative idea goes like this: Screw bailing out banks, give money directly to the American people.

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Terminally Ill Economy

Grant Cardone | Posted 09.26.2008 | Business

Read More: Foreclosures, Success, Debt, Bankruptcies, Olympics, Economy, Selling, 2008 Recession, Credit Card Debt, Grant Cardone, Business News
Grant Cardone

While retreating appears to be the logical step in business, you would never do this if you knew you had a terminal illness and want to live.

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The Next Bubble Is on The Way: Credit Card Debt

Danny Schechter | Posted 09.14.2008 | Business

Read More: Debt, Congress, Bubble, Credit Cards, Economics, Globalization, Economy, Credit Card Debt, Credit Card Industry, Business News
Danny Schechter

Fewer people are paying their credit card bills on time. And more are using high-interest credit card cash to pay at least part of their mortgages instead of the other way around.

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The Middle Class Has Become The Class of Pain

Grant Cardone | Posted 08.09.2008 | Business

Read More: Financial Crisis, Credit Card Debt, Weak Economy, Financial Advice, Middle Class, Business News
Grant Cardone

What is middle class anyway? Is it an income level and then you are in this club called the Middle Class? And what do you get from this club?

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Credit Liquidity and H2O Liquidity Are Both Drying Up

Max Keiser | Posted 06.24.2008 | Business

Read More: Bank of England, Credit Crisis, Neo-Feudalism, Ecology, Capitalism, State Farm, Credit Card Debt, Credit Crunch, Business News
Max Keiser

The disappearance of water and credit has a common cause: a broken neo-classic capitalist system that forgot to factor in the replacement cost of natural resources and the costs of pollution.

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Seth Colter Walls

Ready To Laugh At McCain Family Debt? Not So Fast ...

HuffingtonPost.com | Seth Colter Walls | Posted 06.21.2008 | Politics

Read More: John McCain, Credit Card Debt, Megan McCain, Cindy McCain, Politics News

With news of the McCain family's six-figure credit card debt cropping up today, its not too hard to imagine a little light-hearted chuckling among mid...

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How To Avoid Getting Squeezed By Credit Card Companies

CNN Money | Jessica Dickler | Posted 06.04.2008 | Business

Read More: Credit Cards, Credit Card Debt, Credit Card Squeeze, Credit Crisis, Business News

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How To Stay In The Red For Valentine's Day

MainStreet | Juliana Bunim | Posted 03.28.2008 | Business

Read More: American Institute of Certified Public Accountants, National Retail Federation, Balenciaga, Valentine's Day, Credit Card Debt, Business News

Valentine's Day is upon us, a time when we are encouraged to open up our hearts, and our wallets. While your honey may be coveting Balenciaga's (PPR...

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Broke Britain: Millions Face Struggle To Stay Afloat

The Independent | Martin Hickman | Posted 03.28.2008 | Business

Read More: Debt, Britain, Credit Card Debt, Millions in Debt, Britons and Broke, Business News

Debt experts are predicting a record number of personal insolvencies this year as excessive Christmas shopping, rising mortgage payments and soaring f...

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Growing Credit Card Debt In US Prompting Warnings Of Worse To Come

AP | RACHEL KONRAD and BOB PORTERFIELD | Posted 03.28.2008 | Business

Read More: Credit Card Debt and Americans, Credit Cards, Credit Card Debt, Americans in Debt, America, Americans and Credit Cards, Business News

Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages...

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Citigroup Bails Out Seven "SIV"s

AP | Posted 03.28.2008 | Business

Read More: Structured Investment Vehicles, Citigroup, Siv, Credit Card Debt, Sivs, Business News

Citigroup Inc. plans to assume control of the seven "structured investment vehicles" the bank advises to help them repay their debts. Citigroup will ...

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