Another Unusual Risk

Another Unusual Risk Here’s another risk for companies to consider disclosing in their financial statements: ... of credit cards to the fiscally challenged, has included this risk factor in every quarterly and annual report since its 2005 annual report: “Negative publicity may impair acceptance of our products. Critics [more...]

Date: 2008-08-08 02:28:00

Blog posts (17) | Videos (2)
 

Catching Up

So.  I should really go over what I have accomplished last year (and this year, to date) in my quest to become debt-free. I managed to totally clear up my credit card debt, and, to my surprise, when I sent for my free annual credit reports, and ordered my FICO scores, I found that it had improved, over the time [more...]

Date: 2009-01-16 05:41:49

Four. One Million Use Credit Cards for Mortgage or Rent

4.1 Million Use Credit Cards for Mortgage or Rent According to housing and homelessness charity Shelter, about 85% of the UK’s £1 ... Breaking point’ report revealed that ‘4.1 million households (16%) used credit cards to help meet ... , is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts [more...]

Date: 2009-01-08 08:18:32

How Fake Credit Cards are Made

Crime is way up due to the downward spiriling economy ... parting with our cards and will enocurage you to do the same, and please check your credit report. You can do so by requesting your free annual credit report by going here. [more...]

Date: 2009-01-06 16:29:00

Tips on Declaring Bankruptcy

If you know you’re going to declare bankruptcy, there’s probably not much I can say to make you change your mind but there are a few things I can ... to have a ding on your credit report for years to come.  What does this mean?  Kiss the good interest rates goodbye and kiss the annual-fee free credit cards away as well.  You’re most likely going [more...]

Date: 2008-11-29 20:11:42

5 Steps To (NOT) Take If Your Identity Is Stolen

The other day, the Consumerist blog published a piece entitled 5 Steps To Take If Your Identity Is Stolen ... simply uses the data you provide to compile an annual report (the 2006 report was issued ... theft will never, ever work. Because the correct procedures for recovering from existing credit card [more...]

Date: 2008-07-20 06:59:58

Banks Supposedly Will Cut Consumer Credit Card Lines by $931 Billion if Reforms Mandated

There is a rather amusing story at the Financial Times tonight, "Credit card reforms ‘to cost banks billions’". Let's look at the particulars ... that banks will lose $10 billion in interest annually, reduce credit lines by $931 billion, and put ... not get anyone well known for banking expertise to put its name on a self-serving report [more...]

Date: 2008-12-15 01:59:42

The new president's stimulating faith in economic witchcraft

Could somebody tell me who convinced Mr. Spare Change You Can Believe In that running up the credit cards is a brilliant way to resolve our economic ... the astronomical costs of the economic bailout were taken into account, according to an annual report released ... now on digging and filling holes, organic faerie-dust-powered cars and free-range IRS [more...]

Date: 2008-12-18 21:25:33

Automaker Bridge Loan? You Do the Math

The first part that doesn’t compute is $700 billion in giveaways plus $100 billion in pork in 5 days compared to $25 billion in loans—no, ... annual report put Chrylser group employment at about 86,000.There’s been a lot of speculation ... , which recently won contracts for government credit card services for travel and fuel, has doubled [more...]

Date: 2008-12-16 04:26:23

More Important Than Lipstick, Take 3

by hilzoy From the NYT: "Tracey Minda needed cash to buy clothes and school supplies for her 6-year-old son before the 2006 school year ... , banks and credit cards remain in business. I wonder how? According to this CBS report ... her debt. Ohio lawmakers sought last spring to aid borrowers like Ms. Minda by capping annual [more...]

Date: 2008-09-13 04:07:30

Data “Dysprotection:” breaches reported last week

A recap of breaches newly reported or updated last week on the main news site, PogoWasRight.org. For those looking for annual statistics: as of their last update on August 5, the Identity Theft ... of credit and debit card numbers of customers shopping at major U.S. retailers, including TJX, BJ’ [more...]

Date: 2008-08-11 09:58:29

Audit of California Avocado Commission uncovers at least $1.5 million in questionable spending

During the three-year audit period, 18 employees used commission credit cards to pay for purchases including meals, flowers, luxury spa services and clothes from high-end retailers, the report says. Something has been rotten at the state agency behind a splashy $7-million annual marketing blitz on television [more...]

Date: 2009-01-10 08:00:00

Death Spiral Financing at WaMu, Merrill Lynch, Citigroup

Reuters is reporting WaMu has $3.33 bln loss, may be cut to "junk". Washington Mutual Inc, the largest U.S. savings and loan, posted a $3 ... posted a $2.04 billion loss. Credit cards generated a $175 million loss, while profit in commercial ... Officer Steve Rotella and Chief Financial Officer Tom Casey will not receive annual incentive [more...]

Date: 2008-07-23 05:08:18

annual credit report

If you use any kind of electronic commerce--credit cards, atm, on-line bill pay, etc--you must be vigilant in regards to your identity ... (FTC) advises consumers who order their free annual credit reports online to be sure to correctly spell ... just to review and keep up to date with how creditors determine your credit score.This is what the FTC [more...]

Date: 2008-02-19 22:01:00

Headline News - January 7, 2009

Hypercom Appoints Stuart Taylor Vice President, Global Marketing New Mercator Advisory Group Report: Small Business Credit Card 2008 Update: ... in credit card terms Economix Blog - NYTimes.com: Crisis Comparisons: How Bad Might It Get? Laru ... from Credit Cards, Could Save Consumers $500 Million Annually Over Competing Prepaid Cards Get Rich Slowly [more...]

Date: 2009-01-07 13:30:03

Tribute MasterCard Review

by Daniel Moskel The Tribute MasterCard is often used to help rebuild a low credit score. It is an unsecured bad credit card ... to how much credit you have that is not being used. There will be an annual fee; however every sub ... your application. To get the most benefit on your credit report from your card you should try [more...]

Date: 2009-01-16 08:00:12

An Anonymous Bank Executive Speaks Up

I was tipped off to an article late last month, but I neglected to blog about it right away ... . For some reason, we had (and still have) more credit limit available to us than our annual income ... to check a credit report to see limits. They were definitely enablers when it came to our credit card [more...]

Date: 2008-12-22 06:18:42

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