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It's a bad idea to use credit cards for gas and food (KTAR 92.3 Phoenix)
The weak economy is leading many Americans into deep credit trouble. When things got tough, a lot of people whipped out the plastic, using credit cards to pay for staples like gas and food, said Tanisha Warner, credit counselor with Money Management International.
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Card limits can rip credit score (Miami Herald)
Just as Americans grow more reliant on credit cards to help pay monthly bills, they are being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which can then lead to lower credit scores.
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Australians putting less on credit cards (The New Zealand Herald)
SYDNEY - Australian credit card debt levels have posted their slowest annual growth in 14 years as higher interest rates deter consumers from opening their wallets.
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The College Credit-Card Hustle (BusinessWeek Online via Yahoo! News)
Universities and their alumni associations have discovered an unlikely and disturbing source of revenue: Increasingly, they are selling students' personal information to big credit-card companies eager for young customers.
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Bad Credit Score? Here's How to Fix It -- ThirdAge (ThirdAge)
Bad Credit Score? Here's How to Fix It Building or rebuilding a credit score seems like an impossible task. Young people starting out think they'll never qualify for the best interest rates. Homeowners who may be facing foreclosure think their scores will never recover.
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5-step plan for a better credit score (Bankrate.com via Yahoo! Finance)
So you've made mistakes. These five steps will help you restore the luster to your credit rating.
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Cordray, Fed want your take on credit cards (The Columbus Dispatch)
If it could happen to the state treasurer ... "I was on a two-week vacation, and when I got back my credit-card bill was already overdue," Richard Cordray said. He tried to get the charge canceled but wound up paying a minimal charge.
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CreditCards.com: Weekly Credit Card Rate Report (wallstreet:online AG)
Annual percentage rates for select major credit card categories were mixed to lower this week, as
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CreditCards.com: Weekly Credit Card Rate Report (Business Wire via Yahoo! Finance)
AUSTIN, Texas----Annual percentage rates for select major credit card categories were mixed to lower this week, as the Federal Reserve is expected to leave interest rates unchanged for the remainder of 2008 amid challenges posed by both economic weakness and inflation.
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Bank losses from credit crisis may run to $1,600bn, warns Bridgewater By Ambrose Evans-Pritchard (GoldSeek.com)
Bridgewater Associates has issued an apocalyptic warning to clients that bank losses from the worldwide credit crisis may reach $1,600bn (£800bn), four times official estimates and enough to pose a grave risk to the financial system.
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