Chapter 1 Banks, lending companies and credit companies are just waiting for you to screw up. Obviously the best way to avoid the problem is the most obvious: Pay your bills on time. The reality is since the economy is in the dumpster you need to be aware of Your Risks. The original FRONTLINE video about the “Card Game” would take about 56 minutes to review, so they are split up into six chapters. Please watch and encourage your friends to watch. Your financial and possibly your physical security could be at stake without this knowledge! Follow the URL for the entire story: www.pbs.org It is 55:24 min.
Feb. 22 (Bloomberg) — Bloomberg’s Monica Bertran reports on new credit-card rules that take effect today and their potential impact on card issuers. (Source: Bloomberg)
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We all know credit card debt is out of control in this country. Some of us may only have a couple of hundred dollars racked up, while others have thousands more. The bottom line is we need help. Host Bridget mcmanus comes to the rescue in this episode of “The Jam” with help from peoplejam member vtcastle’s blog post, “How to Cope with Credit Card Debt You Can No Longer Pay Down.”
Ed Bowsher gives you the lowdown on how to get the most out of your credit card.
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CNBC, 09/10/09, Meredith Whitney, People are spending less, credit will contract $2.7 trillion
Investors 2008 All American Research Team. Well followed for her core research, Ms Whitney and her team also focus on a broad section of financials including large, small, and mid-size banks, brokers, independent commercial and consumer finance companies. Prior to founding Meredith Whitney Advisory Group, Ms. Whitney was a Managing Director and Senior Financial Institutions Analyst for Oppenheimer & Co. Inc. Throughout her tenure at Oppenheimer, Meredith was most noted for her …
Business columnist David Lazarus says the bank increased interest rates to almost 30% on some customers who pay their bills on time. Banks are changing their rules before a law takes effect that cracks down on abuses by credit card issuers. Read more at bit.ly
Hear some of our top author’s opinions on the current credit crisis, and what the banks and regulators need to do for the future. Features Carol Alexander, Guy Fraser-Sampson, Riccardo Rebonato and Mike Simmons.
