Articles Worth Reading
By Ryan Healy | May 3, 2008
Is there relief for credit card holders on the horizon? Possibly.
The Fed has backed recent moves to stop credit card companies from: raising the APR on outstanding credit card balances; calculating additional interest on prior billing cycles in a practice called “double-cycle billing”; and more.
You can read the full article here:
==> Fed Backs Credit Card Reforms
Another item of interest reveals that Americans are hawking their possessions in second-hand venues at an alarming rate. Why? To make ends meet.
Apparently, people feeling the economic crunch are doing whatever they can to pay their bills. In many cases, this means selling family heirlooms and other items of value.
A couple statistics I found especially interesting. The number of listings on Craig’s List were up more than 100% in March from a year ago. Furthermore, first-quarter donations to Salvation Army were down 20% as more people are choosing to sell their personal items for cash.
These are signs of the times. You can read the full article here (hat tip to Ben Settle):
==> Americans Unload Prized Belongings to Make Ends Meet
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Topics: Credit Cards, Debt |
