Bad credit card debt on rise due to weakness in economy (Bangkok Post)
Although consumers are seemingly able to charge an ever-increasing number of items to their plastic, there are certain purchases that may not be available with a credit card. Depending on what state you live in, a lottery ticket may be among the purchases you cannot make with credit cards.
Bad credit card debt on rise due to weakness in economy (Bangkok Post)
Local banks report minor increases in non-performing credit card loans due to the weak economy and rules increasing minimum monthly payments. Kannikar Chalitaporn, chief executive officer of Siam Commercial Bank, said second-quarter figures showed a slight increase in bad credit card loans.
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Love and Credit Don't Mix (The Motley Fool via Yahoo! News)
There's no arguing that, financially, twosomes have a leg up on their single competition. Couples get price breaks on insurance premiums, save money by splitting the cable and electric bills, and have built-in justification for buying the family-sized bag of Doritos. Scoring the best interest rates on big loans (to buy homes and cars) is more of a snap, too, since dynamic duos have two credit ...
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Anatomy of a global credit crisis (Independent)
What is going on in the debt market and why should I care?
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Love and Credit Don't Mix (Motley Fool via Yahoo! Finance)
Being overly chivalrous with credit could lead to a long stay in the financial doghouse.
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LIKE A HOUSE OF CARDS (New York Post)
WHY aren't people fall ing behind on their credit-card bills? I'll warn you right now, I don't have an answer to that simple question. And that's because it really isn't simple. In fact, it's so complex (not to mention important) that everything...
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CREDIT WRAPUP 7-Fed keeps tools handy, calms Wall Street (Reuters via Yahoo! Asia News)
WASHINGTON/LONDON, Aug 21 (Reuters) - Federal Reserve Chairman Ben Bernanke signaled a willingness to consider an early cut in the benchmark interest rate to quell market unrest, a key U.S. lawmaker said on Tuesday after meeting with the Fed chief.
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CREDIT WRAPUP 6-Fed keeps tools handy, calms Wall St (Reuters via Yahoo! Asia News)
WASHINGTON/LONDON, Aug 21 (Reuters) - Federal Reserve Chairman Ben Bernanke signaled a willingness to consider an early cut in the benchmark interest rate to quell market unrest, a key U.S. lawmaker said on Tuesday after meeting with the Fed chief, sending Wall Street higher.
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Saudi Arabia: Credit Card Market (Zawya)
SAMA SAMA , which is the kingdom's equivalent to a central bank, recently released figures stating first-quarter loans on credit cards climbed 68.7% from a year earlier, while consumer loans dropped for the same period.
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Can Private Equity Firms Get Out of Buyouts? (New York Times)
Amid the ever-tightening market for corporate debt, investors are already betting that some of the biggest deals may collapse, or at least be renegotiated.
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The Best First Credit Card (The Motley Fool)
Help your child get a good piece of plastic.
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Bad credit card debt on rise due to weakness in economy (Bangkok Post)
All this momentum seems to indicate consumers can leave the house with a credit card and never have to even worry about putting cash in their wallets or swinging by an ATM. But some experts suggest that it is too early for consumers to ditch greenbacks altogether.
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