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    News and Articles on Credit Card Debt

    Archives: Credit Card Debt

    Helpful Credit Card Debt Reduction ...  Jul 3, 2009
    Helpful Credit Card Debt Reduction Solutions. Helpful Credit Card Debt Reduction Solutions ... Find out why a debt consolidation loan, debt solution or a balance transfer are ideal credit card debt reduction solutions. (Suite101.com)

    Jackson Will Includes Motown Icon, Not Ex  Jul 2, 2009
    July 7, 2009 isn't even here yet" Really? Durn - now I gotta reschedule all my appointments! Thanks! by Blatensphere July 1, 2009 9:46 AM PDT His will was dated July 7, 2009??? MJ owned a time machine! by Berkeley_Skirt_Lifter July 1, 2009 9:53 AM PDT ""According to the will, dated July 7, 2002..."" str8 from the article...i guess they corrected it. by Berkeley_Skirt_Lifter July 1, 2009 9:55 AM PDT bottom line...who give a flyin' expletive about this freakazoid or his will? So what...he didn't... (CBS News)

    California's budget worries grow  Jul 2, 2009
    "I was counting on that money to pay off a credit card debt. So the longer I have to wait the more I am paying in interest charges... and I have no clue when the money is coming.". California faces a budget shortfall of nearly $42bn. (BBC News -- Americas)

    Anneli Knight  Jun 30, 2009
    Do you have the right credit card to suit your needs (make sure you're not paying fees for services you're not accessing or, if you have credit card debt, make sure you are paying as low an interest rate as possible) ... If you have credit card debt, maybe you could apply for a card that has a zero interest balance transfer offer (check out these and ) and try and use that zero interest grace period to pay off your debt. (Sydney Morning Herald -- Business)

    Tips to stay financially afloat  Jun 30, 2009
    In terms of credit card debt, shoot for carrying balances that are less than 35 percent of a card's limit. Don't Be Late -- One of the most important contributors to a strong credit history is paying bills on time. (Ontario Argus Observer, OR)

    Consumers hit again as some banks raise credit card rates, fees  Jun 30, 2009
    Issuers' actions come as a growing number of consumers lose their jobs and default in record numbers on their credit card debt. The industry is also preparing for restrictions to take effect in February 2010. (USA Today -- Money)

    More 'Non-Transparency' From Pelosi  Jun 29, 2009
    One senior congressional staffer familiar with House ethics rules told HUMAN EVENTS, This is a guy who in the year 2000 -- his financial disclosure statement reported almost $100,000 in credit card debt -- now almost nobody would carry almost $100,000 in credit card debt given the interest rates unless they had some real money problems. That was the year 2000 and four years later he was worth, according to his financial disclosure statements, between 6 and 24 million dollars. (Human Events Online)

    Financial ills stem from poor decisions  Jun 28, 2009
    Meltdown 101: Can I settle my credit card debt ... If the premise of credit card debt settlement sounds too good to be true, that's because it is. (Fresno Bee -- Business)

    Overstock makes excess pay in slim times  Jun 28, 2009
    We re going to pay down their medical school debt or pay off their credit card debt. Overstock turned a profit last year for the first time in years. (Boston Globe)

    Whats it worth?  Jun 28, 2009
    Magnuson added that many people also are taking out equity in their homes to help pay off credit card debt, or another financial difficulty caused by the financial meltdown. She suspects that those people might continue to refinance even if rates go up in the near future. (Gillette News-Record, WY)

    ConsumerMan: Beware debt settlement outfits  Jun 26, 2009
    Like many Americans, Judy Orlando, a nurse in LeRoy, N.Y., had racked up a mountain of credit card debt. Divorced and raising five children, she was carrying a total balance of about $30,000 on her five credit cards. (MSNBC -- Business)

    Debt-management company eyes Louisville  Jun 26, 2009
    It primarily works with customers burdened by high medical and credit card debt. Specifically, Achieve CCA enrolls consumers in a debt-management plan and works with creditors to reduce monthly bills, interest rates and fees. (Louisville Business First, KY)

    Credit debt settlement has consequences  Jun 26, 2009
    If the premise of credit card debt settlement sounds too good to be true, that's because it is. Debt settlement is when a cardholder agrees to pay a portion of a balance in exchange for the remainder of the debt being forgiven. (The Augusta Chronicle)

    McCombs invests in online banking venture  Jun 26, 2009
    We believe this is a tremendous opportunity to improve people s lives and provide financial freedom by helping people break out of the vicious cycle of credit card debt. Instead of the buy first and pay later mentality, SmartyPig helps people buy with cash and avoid being buried in future debt. (San Antonio Business Journal, TX)

    Credit counselors help locals defeat debt  Jun 25, 2009
    Coldiron had about 18,000 of credit card debt and is pleased to report that it will be completely paid off in Aug. 2010 through using CCCS s debt management program. I just sat down and thought to myself Do you want creditors calling or do you want this over with. (McKinney Courier-Gazette, TX)

    LETTER: Working people pay to balance public budgets  Jun 25, 2009
    At this same interval of time, another person will waste his income, live beyond his means, accumulate credit card debt, and be eligible for low income housing where there are no taxes to pay and receive all kinds of assistance with utilities, food stamps, medical card, etc. Our elected elite are certainly not interested in making any sort of sacrifice in order to balance the budget, and the only way they can keep up is to raise taxes. (Mattoon Journal-Gazette, IL)

    Recession hurts card industry, customers  Jun 24, 2009
    The Hammans have more than $80,000 in credit card debt ... Julie Hamman knew she had too much credit card debt ... Only making the minimum payments can also be a red flag to credit card companies, Hardekopf said, as can simply having high credit card debt. (MSNBC -- Business)

    $60,000 in debt, andnothing to show  Jun 24, 2009
    Uhazi, 43, gradually built a mountain of credit card debt over 20 years ... Mary Uhazi has more than $60,000 in credit card debt and, by her own account, nothing to show for it ... Still, Uhazi said she didnt often worry about her credit card debt, reasoning that she paid at least the minimum balance on all her cards. (MSNBC -- Business)

    Answer Desk: How to shrink credit card debt  Jun 24, 2009
    How to get out from under credit card debt ... The first step to getting control of credit card debt is to remove yourself from the fantasy mindset that as long as you can make the minimum monthly payment, your debt is under control. (MSNBC -- Business)

    Pa. to offer free legal, financial help  Jun 23, 2009
    People who need help in areas like mortgage foreclosure, credit card debt and debt collection can visit the Pennsylvania Bar Institute Conference Center in room 760 of Heinz 57 Center (the former Gimbels department store) at 339 Sixth Ave., Downtown. Across Pennsylvania, 15 sites will be part of the initiative, and a spokeswoman for Mr. Rendell's office said more sites are expected. (Pittsburgh Post-Gazette, PA)

    Did You Negotiate Down Your Credit Card Debt?  Jun 23, 2009
    Did You Negotiate Down Your Credit Card Debt ... Did You Negotiate Down Your Credit Card Debt ... Have you successfully negotiated with your credit card company or bank to pay off your credit card debt. (ABC News -- Business)

    Retirement report: Quarter of employers eliminate match to 401(k) plans  Jun 23, 2009
    I can see why this country is in such financial turmoil with all these people in credit card debt and having to pay the gov t on top of that ... I have no credit card debt and money in the bank. (Atlanta Journal-Constitution -- Business)

    Land of the lost global warming skeptics  Jun 20, 2009
    Individual Americans, by and large, are hacking away at their credit card debt, cutting back on spending, and saving at rates not witnessed in over a decade. Hungover from a wild binge, they're doing their best to clean up and get their act together. (Salon)

    Squidoo Rule Changes 2009 - Your Qu...  Jun 20, 2009
    - Credit Card Debt Lenses, Forex, all those sorts of things. - Lenses promoting Hate. (Suite101.com)

    Effort under way to implement financial learning curriculum in grades K-12  Jun 19, 2009
    Smith said MCEE is partnering with various school districts to implement interactive economic literacy courses that will prevent future adults in the Delta from getting in the type of credit card debt many Americans are in today. By extension, she added, the courses will likely help prevent high school dropout rates. (Greenville Delta Democrat Times, MS)

    LETTER: Obama breaking the law 'in the public interest'  Jun 19, 2009
    Assume you now run up huge credit card debt and declare bankruptcy. Because they have a security contract, the bank takes the house and your other creditors split up any other assets you have. (Mattoon Journal-Gazette, IL)

    Is Steven Chu too much of a techno-geek?  Jun 19, 2009
    Individual Americans, by and large, are hacking away at their credit card debt, cutting back on spending, and saving at rates not witnessed in over a decade ... " In other words, the unemployment rate and job loss figures keep getting worse well after the economy has started growing again. Companies wait to boost hiring until the economy forces them to. (And sometimes, as we've seen in the last two "jobless recoveries," they never really ramp up again.)Knowing that unemployment has historically... (Salon)

    What's the matter with San Francisco?  Jun 18, 2009
    The consumer spending figures and sharp contraction in household credit card debt back this up. Americans are extremely cautious about the future right now, and the job losses that are inevitable over the next year will only encourage us to keep a tighter watch on our finances. (Salon)

    From the Washington Post  Jun 18, 2009
    Prosecutors said Jefferson's motivation for soliciting illegal payments was that he and his wife were living beyond their means and had racked up $62,000 in credit card debt and more than $40,000 in fees and penalties for overdrafts on their bank accounts. As part of the investigation, the FBI searched Jefferson's office, the first time federal officers raided a congressional office. (Harper's Magazine)

    Getting an investment program started  Jun 17, 2009
    We are in our early 30s, have nearly 10,000 in the bank, have a mortgage of around 100,000, and credit card debt of around 3,000 ... First, why do you still have the credit card debt when you could easily pay it off. (Gaylord Herald Times, MI)

    Defense: You might disapprove, but Jefferson committed no crime  Jun 17, 2009
    In addition to $62,000 in credit card debt, Lytle said Jefferson and his wife had about $40,000 in bounced check fees and other penalties on their bank accounts. The prosecution s opening statement lasted about an hour of their allotted 75 minutes. (WWLTV.com, LA)

    Judge approves $660-million clerical abuse settlement  Jun 17, 2009
    nevada settlement lawyerReduce Credit Card Debt to ZERO Free Videos Show You How ... nevada settlement lawyerReduce Credit Card Debt to ZERO Free Videos Show You How. (Yahoo News -- Catholic Church Abuse Scandal)

    Couples dont talk about their financial future  Jun 16, 2009
    For many people, the economy has forced them to focus on putting out fires, dealing with budgets, worrying about interest rates, credit card debt, an over mortgaged home and job insecurity. "You'd think it should raise some eyebrows and they would say we'd better start thinking about this, but actually they just shelve it even further, defer the inevitable," he said. (MSNBC -- Business)

    Spanish bank ratings downgraded  Jun 16, 2009
    Reduce Credit Card Debt to ZERO Free Videos Show You How. $1,500, Fast. (Yahoo News -- Politics)

    Helping Clients Find the Right Cure for Foreclosure  Jun 16, 2009
    Bankruptcy attorneys are more likely to recommend filing for bankruptcy, especially if the homeowners have a lot of unsecured debt (such as credit card debt). Loan modification specialists will recommend a loan modification for anyone who qualifies. (RealtyTimes)

    The New Normal: No More Job Security?  Jun 16, 2009
    ABC News Poll: Job Security and Consumer Spending, Credit Card Debt - ABC News ... ABC News Poll: Two-Thirds Will be Less Willing to Take on Credit Card Debt ... Majorities in this national survey say they plan in the years ahead to spend less, save more, invest more conservatively and, above all, to cut their credit card debt. (ABC News -- Business)

    Its Finished, John Lanchester, The London Review of Books  Jun 16, 2009
    LRB John Lanchester: Its Finished. Its a moment of confusion and loathing that most of us have experienced. (Harper's Magazine)

    Should the Government Decide Your Salary?  Jun 16, 2009
    00004000 Starting with Reagan: usury laws repealed (see massive credit card debt), mortgage laws repealed (see S&L crisis and our current housing crisis), the repeal of Glass/Steagal and the Commodity Futures Trading Act led to the credit default swaps; in 2005 Bush repealed laws that governed participation and transparency in oil futures (see $4. 00/gal gas). (CBS News -- Opinion)

    Many frequent fliers are cashing out  Jun 16, 2009
    But now that she's trying to save and pay down credit card debt, she's more quickly tapping into her miles for free vacations and trips from her home in Denver to visit her family. "I'm redeeming my miles more often now than in the past," says Olwine, director of sales recruitment for Hyatt Hotels. (Honolulu Advertiser)

    Some homeowners are just giving up  Jun 16, 2009
    With credit card debt mounting and no sale in sight, they borrowed from extended family to pay bills. Bondora began suffering panic attacks. (MSNBC -- Business)

    Ministry warns on debt write-offs  Jun 6, 2009
    9% chance that they could get his credit card debts written off entirely ... But it isn't only people with credit card debt who are being targeted by the claims companies. (BBC News -- UK)

    Students should avoid debt  Jun 6, 2009
    She s seen the damage done by too much credit card debt. It s so incredibly easy to overspend with credit cards, Boas said. (Atlanta Journal-Constitution -- Business)

    Howard: Debt-settlement firms -- help or hindrance?  Jun 5, 2009
    "Call to Action" aims to help consumers with credit card debt avoid bankruptcy ... Their promise is always the same -- to reduce your credit card debt to just pennies on the dollar without making you file for bankruptcy ... Its aim is to help consumers who are struggling with credit card debt avoid bankruptcy. (CNN -- US)

    Credit tightens; small companies scramble  Jun 5, 2009
    As Beaudouin explained, these securities are baskets of credit card debt that are resold to investors under terms that allow the money spigot to be shut off if the lender's losses exceed certain targets. On May 11, Advanta warned in a news release that "the deteriorating economic environment" could force it to cease new credit card lending by June 10. (San Francisco Chronicle -- Business)

    Former Raytheon engineer pleads guilty  Jun 4, 2009
    Young used the money to pay off credit card debt and bills. The court says Young faces up to 10 years in prison, a $250,000 fine and restitution. (Dallas Business Journal, TX)

    Prepare College Student for Credit ...  Jun 4, 2009
    Although he may be somewhat resistant to "checking in " with their balance each month, he will thank you when he doesn't have the added burden of credit card debt. College students are bombarded with credit card offers and credit card applications. (Suite101.com)

    Worst Cities for Credit Card Debt  Jun 3, 2009
    Revolving debt in particular--which consists mostly of credit card debt--fell for the sixth month in a row by $5 ... While the median household income is a moderate $43,333--the national average is $50,233--average credit card debt in each home is $9,797 ... From its database, Equifax determined total credit card debt in each of the 50 largest metropolitan statistical areas and metropolitan divisions from the first quarter of 2009. (ABC News -- Business)

    Prepare for a Lay Off before Losing...  Jun 3, 2009
    This is also the time to work on paying off credit card debt. Try to consolidate high interest cards onto one lower interest card so the balance can be paid down faster. (Suite101.com)

    Isles' bankruptcies surged 62% in May  Jun 3, 2009
    He said many of his clients can't deal with their credit card debt, which often is in the $30,000 to $50,000 range. Pettinato said his bankruptcy practice has increased over the past years because of the economic slump and because of a longer-term trend of filings increasing back to levels prior to the 2005 law change. (Honolulu Advertiser)

    Plan for the Wedding and for Life in any Economy  Jun 2, 2009
    Credit card debt is the number one obstacle to a secure financial future, and knowing both of your credit scores is essential. You're allowed one free credit check annually with each of the major credit bureaus: Experian, TransUnion and Equifax. (Ontario Argus Observer, OR)

    Calif. Supreme Court Sides With BofA on Bounced Checks  Jun 2, 2009
    That 1974 opinion held that financial institutions can't take public benefit money -- so-called "exempt funds" such as Social Security payments -- out of bank accounts to cover credit card debt. But BofA contended that Kruger dealt only with what's called the banker's setoff, in which banks collect a debt unrelated to the underlying bank account. (Law.com)

    Bank of America Wins in $1 Billion-Plus California Lawsuit  Jun 2, 2009
    In 1974, the California Supreme Court had ruled that a bank may not satisfy a credit card debt by deducting fees owed from a separate checking account containing deposits that "derived from unemployment and disability benefits.". But in Monday's unanimous ruling, the court distinguished the current case by saying the transactions at issue occurred "within a single account" rather than in multiple accounts. (ABC News -- Wire)

    FBI targets bond scam  Jun 1, 2009
    And they promise to block property taxes and override credit card debt, all packaged with the promise of ownership in the true Hawaiian nation, which the schemes claim is legally exempt from U.S. regulations. FBI special agent Brandon Simpson would not comment on the investigation. (Honolulu Advertiser)

    Parents now have the power to keep young adults out of credit card debt  May 31, 2009
    Local Search Site Search. THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING. (Boston Globe)

    Parents get a grip on credit for students  May 31, 2009
    The new law has the potential to prevent suckering millions of young people into credit card debt. However, it won't work as intended if parents or other adults cave and co-sign. (Fresno Bee -- Business)

    Lawmakers back higher gas tax  May 30, 2009
    Rebecca1 wrote on May 28, 2009 9:15 PM:If we can't pay our rent & buy groceries now, let alone pay for our car insurance & car payment & credit card debt we need to survive on how possibly can we pay for more taxes, those Democrats are letting the people down again, I hope their kids are in as big a mess as mine. Citizen wrote on May 28, 2009 8:26 PM:I have nothing positive to say. (Coos Bay-North Bend The World, OR)

    Repaying Student Loans In Tough Times  May 29, 2009
    If the higher payment of the standard repayment schedule cramps your cash flow, leaving nothing with which to pay down credit card debt or to contribute to an employers retirement plan, consider the lower payments offered by the graduated or extended repayment schedules. The downside is that, if you never make additional payments on these extended schedules, you will have paid several thousand dollars in additional interest over the life of the repayment on a typical amount of student loans. (CBS News -- Early Show)

    Number of problem US banks soars  May 28, 2009
    The increase came as banks continued to grapple with bad mortgage and credit card debt amid the recession. At the same time, industry-wide banking profits also rose in January-March. (BBC News -- Business)

    The ‘Ins and ‘Outs of Loan Modifications: Protecting Yourself and Your Real Estate  May 28, 2009
    You get an unsecured portion, which is like credit card debt and you get a secured portion, which is actually secured. The legal theory behind it is that you are only secured to the extent that the collateral is worth something. (RealtyTimes)

    Frost: Not single-minded on health care  May 28, 2009
    My newborn's intensive care stay and surgeries cost us our entire savings, plus over $10,000 of credit card debt. And that was with good insurance and two healthy parents. (Lincoln Journal, MA)

    How to offset the current deflation while preparing for inflation in the future  May 27, 2009
    As far as deleveraging goes, the advice could never be more fundamental: Pay down your most expensive credit card debt and refinance your mortgage at today's low rates. John F. Wasik is a Bloomberg News columnist. (Boston Globe)

    Moves for empty nesters presented  May 27, 2009
    Reduce your credit card debt. If you have more disposable income available now, try to pay off your high-rate credit cards. (Rockport Pilot, TX)

    Americans' credit scores fall as they struggle to pay bills  May 27, 2009
    "It means that consumers really have to keep their eyes on the ball and focus on getting out of credit card debt," helping scores, says Ulzheimer, president of consumer education for Credit. com. (USA Today -- Money)

    Be smart with what's left  May 26, 2009
    I have credit card debt of R50 000 and an outstanding bond of R265 000. My thinking is to increase my bond to R315 000 to pay off my credit card debt and then just pay extra into my bond each month ... It would be of no use if one continued unnecessary spending and landed up with credit card debt once again. (iAfrica.com)

    Obama signs new bill to help credit card industry  May 25, 2009
    Credit card debt for Americans reached more than 945 billion U.S. dollars in March 2009, about 25 percent higher than a decade ago. As the Untied States is enduring its worst recession since World War II, its unemployment rate stood at 8. (Xinhuanet, China)

    Nonprofit subsidizes Schwarzenegger travel frills  May 25, 2009
    Non-Profit Credit Card Debt HelpSign up for NFCC certified credit debt counseling at No-Cost to you ... Non-Profit Credit Card Debt HelpSign up for NFCC certified credit debt counseling at No-Cost to you. (Yahoo News -- Arnold Schwarzenegger)

    How to Pay Off Credit Card Debt  May 24, 2009
    The length of time it takes to pay off credit card debt can be dramatically reduced by following these few simple tips for paying off credit card balances. The goal of many credit cardholders is to pay off credit card debt in order to free up money to add to a savings account, take a vacation or just to pay other necessities without paying interest for using a credit card ... There are a few things a cardholder can do to quickly pay off credit card debt. (Suite101.com)

    Obama signs credit card reforms  May 24, 2009
    "Credit card debt is easily a one-way street," Obama said, as he signed the legislation at a ceremony in the White House Rose Garden. "It is easy to get in, but almost impossible to get out," Obama said, decrying small print on credit card statements containing traps for unwary borrowers. (Yahoo! Asia News)

    It's time to rethink conventional financial wisdom  May 24, 2009
    "Having six months of living expenses is unrealistic for most people. Most people don't have six months of disposable savings and are deep in credit card debt and mortgage debt and are always catching up or living paycheck to paycheck," said Arsenault. "Most people have refinanced their mortgages to pay off their credit card debt and then continue to use their credit cards.". (Boston Globe)

    No conning, Foster wants to find love  May 24, 2009
    He claimed the money was to build a resort in Fiji but he used it to repay his credit card debt and rent on his girlfriend's Gold Coast home. London Daily Mail journalist Richard Shears has written a book, to be released soon, based on Foster. (Sydney Morning Herald -- Australia)

    New credit card restrictions put an end to subsidies funded by the less fortunate  May 24, 2009
    The recent push in Congress to halt some of the industry's most egregious practices was aimed at giving some relief to consumers buried under credit card debt. Certainly many people irresponsibly racked up unnecessary charges, but others resorted to credit to pay for medical expenses because they lacked insurance. (Boston Globe)

    CCH Issues New White Paper Credit Card Reform: An Analysis of the Credit CARD Act  May 23, 2009
    "Against the backdrop of consumers' increasing credit card debt, the Act provides protection for consumers and increases supervision of credit card issuers, providing greater transparency for both consumers and regulators," said Bianco. "While regulators had taken steps beginning in 2008 to provide for greater protections, the Act reflects a desire by Congress to ensure that adequate protections are in place in a more timely way.". (PR Newswire)

    Hits and Misses  May 23, 2009
    Senior citizens who have millions of dollars in stocks, bonds, cash, home equity and luxury cars can now freeze their property taxes and pass the burden along to non-senior-citizen homeowners, many of whom are now unemployed, underemployed, buried in mortgage and credit card debt, and even facing foreclosure, Knutson explained. HIT: A new "accessible playground" that will be built in Hamilton's Veterans Park by the end of this summer. (NJ.com -- Times)

    Sweeping credit card reform  May 23, 2009
    Americans owed more than $US945 billion in credit card debt in March. The amount has fallen during the current recession but credit card indebtedness is still about 25 percent higher than a decade ago. (Sydney Morning Herald -- Business)

    OPINION: Credit-Card Industry Slams Users  May 22, 2009
    The result of their efforts is that college students now carry an average credit card debt of $3,173, according to a recent study by student loan provider Sallie Mae ... Credit experts believe these troubling dynamics will undoubtedly swell the $8,000 in credit card debt currently owed by the average American household. (Fox News)

    Anger fuels school violence  May 22, 2009
    Because the program qualifies senior-citizen homeowners with 2008 incomes up to $70,000 and does not include any asset test, it continues to allow senior citizens who have millions of dollars in stocks, bonds, cash, home equity and luxury cars to freeze their property taxes and pass them to non-senior-citizen homeowners, many of who are now unemployed, underemployed, buried in mortgage and credit card debt, and even facing foreclosure. I have seen many seniors now receiving nearly 50 percent... (NJ.com -- Times)

    Credit card bill of rights  May 22, 2009
    Consumers bear considerable responsibility for recklessly running up credit card debt in recent years ... The banks also played a big role in the high rate of bad credit card debt ... Credit card debt has increased to nearly $1 trillion, and, with the ongoing recession, some project that 20 percent of that could be bad debt. (Herald Online, SC -- Opinion)

    Big changes in store for credit cardholders  May 21, 2009
    UPDATES label headline; graphic shows market share of outstanding credit card debt for top 10 credit card issuers. Rep. (Albany Times Union)

    Viewpoint: Reining in the plastic  May 21, 2009
    With American credit card debt hanging near $1 trillion and the economy still gasping, Congress is considering much-needed rules to make it harder for the companies doling out the plastic to take advantage of consumers stuck on debt row. Ultimately it may save both these companies and consumers from their excesses. (Medford Transcript, MA)

    Senate Passes Credit Card Reform Bill  May 20, 2009
    Credit Card Debt Epidemic. Millions of Americans have soaring levels of credit card debt. (CBS News)

    Dan Walters: Big costs loom for state beyond deficit  May 19, 2009
    It's like a high-interest credit card debt that continues to grow when a cardholder makes only minimum payments. Those numbers don't count future health care costs for University of California or court system retirees, estimated at $13 billion. (Sacramento Bee -- Opinion)

    AmEx to cut 4000 jobs in global restructuring  May 19, 2009
    6 million), or 31 cents per share, amid rising write-offs of credit card debt. AFP. (Sydney Morning Herald -- Business)

    A Real Pain In The Ear  May 18, 2009
    But they continued, urging him to buy an auto warranty he didn't need or to seek a lower interest rate on credit card debt he doesn't carry. Millions of Americans have experienced a similar surge in unwanted calls recently. (San Francisco Chronicle -- Business)

    A May morning to remember  May 17, 2009
    Obama spoke about credit card debt and pending legislation that will give consumers more rights. Mayor Tom Swisstack enjoyed all the attention being focused on Rio Rancho and the President coming to town. (Rio Rancho Observer, NM)

    Bankruptcy filings rise as economy falls  May 17, 2009
    Common reasons people file still include too much credit card debt, medical expenses, foreclosures or repossessions, he said. But he has had a few people come in because of loss of a job or an increase in their variable rate mortgages made it too difficult for them to meet mortgage payments. (Sioux City Journal, IO)

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