BK Blog sponsored by:
View Article  Colleges clamp down on credit card tuition payments
Blog sponsored by Bankrupt-Law.com



U.S.News & World Report
Thursday June 29, 2:54 pm ET
By Nisha Ramachandran
Plan on putting that upcoming tuition bill on a credit card? Think again: It
could cost you. Many universities now impose additional fees on students and
parents who pay by plastic and, in some cases, refuse to accept certain
credit cards altogether.
The changes stem from increasing costs to universities in processing credit
card transactions. Like merchants, universities and colleges are charged a
...   more »
View Article  Poor pay more for services, study says
Blog sponsored by Bankrupt-Law.com


Leslie Fulbright, Chronicle Staff Writer
Tuesday, July 18, 2006
(07-18) 04:00 PDT Washington -- Low-income residents of 13 cities across the
nation pay extra for many everyday services, sometimes thousands of dollars
more over a whole year, a study to be released today shows.
By taking out higher-interest mortgages, shopping at rent-to-own furniture
stores, using check-cashing businesses instead of banks and buying groceries
at convenience stores, the nation's working poor households pay much more
than moderate- ...   more »
View Article  CREDIT CARD COMPANIES LOOK TO ENTICE MORE CUSTOMERS
Blog sponsored by Bankrupt-Law.com


The credit card industry mailed out a record 6.06 billion solicitations in
the U.S. last year, according to the McClatchy Newspapers. About 18 million
offers, or about 0.3 percent, were accepted, which was a record low.
Recognizing the need for better bait, credit card companies are increasingly
offering rebates or rewards to entice new customers. "If you have a high
bill that you can't repay at the end of the month, the whole point of
earning ...   more »
View Article  BORROWING RISES AS CREDIT CARD USE JUMPS
Blog sponsored by Bankrupt-Law.com


The Federal Reserve reported yesterday that borrowing by consumers rose in
May for the seventh consecutive month as credit card and other types of
revolving debt jumped by the most since October 2004, Bloomberg News
reported yesterday. Consumer credit, or non-mortgage loans to individuals,
rose $4.4 billion, or 2.5 percent at an annual rate, to $2.174 trillion. The
figures suggest that Americans are using their credit cards to finance more
purchases as rising interest rates and ...   more »
View Article  Debt Trap; Some credit counselors leave drowning debtors in worse shape than before
By ROSALIE RAYBURN Illustration by CATHRYN CUNNINGHAM Of the Journal

Advertisements that offer to repair damaged credit can look like a lifeline to a consumer drowning in debt. Bankruptcy statistics show that the loss of a job, a health crisis or a divorce can swiftly turn the tables on a healthy financial situation. But all too often, people who seize at creditrepair promotions, hoping for relief, end up worse off than they started.

In 1951, a group of credit companies ...   more »