Isn't that interesteing... and doesn't it make all the sense in the world? If you are carrying 10 or more credit cards in your wallet than studies show that you are carry higher that average credit card debt.
Other Findings

• 51% of Americans who have established credit own two credit cards, up from 49% in 2004.
  


• The average American holds four credit cards, up from 3.2 in 2004.
  


• The average credit score nationally dropped to 674, from 678 in 2004.
  


• The average score for those who use at least 50% of their credit rose to 645 from 631 in 2004.
  


• Fewer Americans -- 14% -- are using 50% or more of their available credit than in 2004, when 16% did. These high users have credit scores about 30 points below the national average.
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Tuesday, Feb. 13, 2007 8:24 a.m. EST
Bank of America Offers Credit Cards to Illegals.

Bank of America Corp. has begun offering credit cards to customers without Social Security numbers, typically illegal immigrants, the Wall Street Journal reported on Tuesday.

In recent years, banks across the country have been offering checking accounts and even mortgages to the nation's fast-growing ranks of undocumented immigrants, most of whom are Hispanic, the paper said, adding these immigrants generally have not been able to get major credit cards.

The new Bank of America card is open to people who lack both a Social Security number and a credit history, as long as they have held a checking account with the bank for three months without an overdraft, the Journal said.

Bank of America tested the program last year at five branches in Los Angeles, and last week expanded it to 51 branches in Los Angeles County, home to the largest concentration of illegal immigrants in the U.S., the Journal said.

The bank hopes to roll out the program nationally later this year, the paper said.

A Bank of America spokesman was not immediately available to comment.

© Reuters 2007.

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Take the time and play this video for a better understanding of what is going on with the Fed..fiat money…monetization and fractural banking.
Find out why some feel the Federal Reserve System is a "bunch of ... all organized crooks" and others feel some of its practices "are in violation of the U.S. Constitution." Discover why experts agree the Fed is a banking cartel that benefits mainly bankers, their clients in need of easy money and a Congress that would rather increase the Gross National Debt than seek funding from its constituents.
Click Here Fiat Empire [Read More!]

For the last 6 years graduates of NAES (North American Educational Service) educated and assisted client with their Credit Card debts. Client have been able eliminate over $145 million credit card debt”. On an average of 12 to 18 months the debt is eliminated.

They have been asking the Credit Card Companies a very simple question” Show us the Money”. To be more accurate, prove to us that I have a loan with you. They are exercising their right to initiate a billing errors dispute per the Truth in Lending Act, Amendments
Fair Credit Billing Act 15 USC 1601.
We do not recommend that consumers do this on their own, though some savvy individual have done so successfully. It is important to have a clear view of the landscape before entering and that is exactly what NAES offers. This is a very sound legal, moral and ethical strategies.
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It has become a regular practice of credit card issuers to prey on consumers who are most vulnerable. For instance, my own son receives 3-5 credit card offers each day. Guess what – he’s a full-time college student with little or no income. Is he vulnerable? Sure he is – just like all of the other college students receiving these offers. College students are notorious for being broke, and the credit card companies making these offers know this. As a result, many young adults find themselves deep in debt long before they’ve even had the chance to receive their diplomas.

College students aren’t the only people to fall victim to creditors who seek out those who are most vulnerable. Many credit card issuers extend invitations to individuals whose credit scores are much less than perfect. This is because creditors can charge outrageous interest rates and fees to those who are desperate, thus earning astronomical profits. As a matter of fact, in 2006 credit card issuers earned more than $90 billion in interest alone. Wait – it gets better; in addition to profits earned from interest, credit card companies also earned more than $50 billion from the fees they charged.

Chances are you may be a victim of such credit offers. If so, you’ve probably realized that your debt is out of control, and you can no longer meet your monthly financial obligations. Fortunately, there are options and solutions to assist you in becoming debt free.

If you’re reluctant to file bankruptcy, debt settlement may be an option worth looking into. Debt settlement is for people who are on the brink of bankruptcy, and find that they have very little choice due to the fact that they simply can’t go another month wondering how they’ll pay all of their bills.

You see, debt settlement is a process that allows you to “settle” your debts with your creditors for less than the full balance (usually 50% or less), and has been the solution for many people who otherwise would have had no choice but to file for bankruptcy.

If you want to avoid bankruptcy because you don’t want your financial difficulties to be made a matter of public record, and you want to avoid a bankruptcy filing from appearing on your credit report for the next 7-10 years, debt settlement may be the right solution for you.

Prior to deciding to enroll in a debt settlement program, however, do your homework. Be sure that you’re a good candidate for debt settlement, and that you’re well aware of the entire process – from beginning to end. If you should decide to hire a company to assist you in negotiating with your creditors it’s important to hire a company you trust and with whom you feel comfortable. If you speak with a representative of a debt settlement firm who seems more interested in taking your money than helping you resolve your finances, move on. I wish you all the best in your endeavor to become free of debt.
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Dismissals in Government cases -- bad judges or bad litigant?

I am of the opinion that too much of the time we blame our ineptitude in the legal arena on the judge(s) who either denied our pleading(s) or dismissed our matter before the court. My opinion is based upon my studies of several classes of court decisions and my experiences in the courtroom.And when I am involved in hearings in the courtroom I pay close attention to what the judge is saying and doing. Also I used to read every Supreme Court Reporter, Federal Reporter, Federal Supplement, and Pacific reporter that gets printed each week or so. I see what the litigants have tried to do and I see the mistakes they made as pointed out by the judges. Litigants keep making the same mistakes case after case after case.

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It has become a regular practice of credit card issuers to prey on consumers who are most vulnerable. For instance, my own son receives 3-5 credit card offers each day. Guess what – he’s a full-time college student with little or no income. Is he vulnerable? Sure he is – just like all of the other college students receiving these offers. College students are notorious for being broke, and the credit card companies making these offers know this. As a result, many young adults find themselves deep in debt long before they’ve even had the chance to receive their diplomas.

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The Credit Trap
this Article By Richard M. Barron and Michelle Jarboe
Staff Writers
When Bruce Minor moved nearly $5,000 in debt to a low-interest credit card in 2004, he expected to pay off the balance transfer in a few years.

One $95 monthly payment at a time, Minor chipped away at what he owed. Until late 2005.

That's when he slipped up.

He missed one payment by a day when Chase, the card issuer, changed his due date. Then his check bounced.

He replaced the money six days later. But it was too late.

His rate of 5 percent skyrocketed to 28 percent. His protests fell on deaf ears. His letters met with cordial, corporate responses sending the same message: Too bad.

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