Eliminate Credit Card Debt News

<body> <a href="http://creditcardrip.com">Eliminate Credit Card Debt News</a><ul><li><a href=http://quikonnex.com/channel/link.php?id=34137>Zero Percent (0%) lines of credit card offers ...Remember the good old days.</a><br>Remember the good old days. You don’t have to remember too far back. <br /> <br>1. Zero Percent lines of credit card offers in the mail almost everyday. <br /> <br>2. Just one call and you could have your credit limits increased. <br /> <br>3. Why your High School graduate could start College in the fall with a “don’t leave home with out it” credit card. <br /> <br>4. You knew when the Credit card bill was due. There was even a grace period. <br /> <br>5. Did I mention those wonderful low interest rates beyond the 0% introductory rate. <br /> <p>Well it’s all over now. The big shoots at the Bank have learned that there is a better way to dig deep into your pocket to the tune of hundreds of billion dollar Government Bailouts. They are tightening up credit on all fronts. <br /> Click here <a href="http://www.businessweek.com/lifestyle/content/jun2009/bw20090623_854197.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis"> Credit-Card Companies: Who Qualifies Now?</a> <br /> <br><b>After years of getting Americans hooked on credit, card companies are slashing limits and weaning themselves off all but the safest customers.</b> <br /> <a href="http://quikonnex.com/channel/link.php?id=34137">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/34137"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=34110>Is your Money Missing? </a><br>The Missing Money<br>Catherine and News & Commentary,June 14, 2009 at 10:06 pm <br /> <p>Wayne Gretzky once said, when asked the secret of his success at ice hockey, “I skate to where the puck will be.” <br /> <p>It is for the same reason I keep bringing up the issue of money missing from the US federal government and the possibility that collateral fraud and counterfeiting of US government and agency securities were instrumental in facilitating the transfers. <br /> <br /> <a href="http://quikonnex.com/channel/link.php?id=34110">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/34110"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=34017>This article must be addressed! ...Novation: Don't fall for this credit scam!</a><br><b>Many consumers are confused about what to do about their finances, in particular Unsecured Debt. <br /> <br>Without any wasted time, I will get to the point. <br /> <p>What Mr. Detweiler and Bob Markoff, a collection attorney tells us below leads to confusion, distortion and mis-representation. Sadly the sources we have look to for truth have and are using their positions in media and high office to lie to us. The bigger the lie, the better the out come for the liars. Below each of their statement, I will present my view with supporting research.</b> <br /> <br /> <a href="http://quikonnex.com/channel/link.php?id=34017">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/34017"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33981>These are the comments make by the Credit card industry on the Credit Card Reform bill passed yesterday.</a><br>My comments on the industries position follow their statement. <br /> <p> <br /> <a href="http://www.onenewsnow.com/AP/Search/World/Default.aspx?id=536782">For the entire AP article Click Here</a> <br /> <p>The practice of charging higher rates and fees to cardholders with risky credit was devised as a means to protect lenders against the risk of default while keeping costs low for consumers who paid their bills on time, said Edward Yingling, president and CEO of the American Bankers Association, which opposes the legislation. <br /> <p>Yingling says the new rules will limit the card companies' ability to price according to risk. The result, he says, will be that every card holder will have to pay a higher interest rate to cover the cost when other customers default. Lenders also will be more reluctant to issue cards in general, he adds. <br /> <p>"Less credit will be available generally, which means some consumers and small businesses will not be able to obtain credit cards at all, particularly younger people and startup small businesses," Yingling said. <br /> Dodd, who championed the bill, said this argument is absurd and "a little like Chicken Little." <br /> <a href="http://quikonnex.com/channel/link.php?id=33981">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33981"> [1 COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33946>Has Your Credit Card Company Novated You - What is that?</a><br>Novation is a term used in contract law and business law to describe the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party. In contrast to an assignment, a novation must be agreed upon by all the parties to the original agreement.[1] The obligee, the person receiving the benefit of the bargain, must only be given notice. The obligor, the party making the novation, must only make the new obligor aware and receive consent from the new obligor. A contract transferred by the novation process transfers all duties and obligations from the original obligor to the new obligor. <a href="http://en.wikipedia.org/wiki/Novation">Complete Wikipedia Definition – Click Here</a><a href="http://quikonnex.com/channel/link.php?id=33946">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33946"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33938>Debts Hide And Seek Tool - Derivatives</a><br>Wikipedia describes derivatives as follows: <br /> <p>“Derivatives are financial contracts, or financial instruments, whose values are derived from the value of something else (known as the underlying). The underlying value on which a derivative is based can be an asset (e.g., commodities, equities, mortgages, real estate, loans, bonds) , an index (e.g., interest rates, currency exchange rates, stock market indices, consumer price index (CPI), weather conditions, or other items. Credit derivatives are based on loans, bonds or other forms of credit. The main types of derivatives are forwards, futures, options and swaps.” <br /> <p>Derivatives 101: Useful knowledge in plain English about credit default swaps, interest rate swaps, futures and other complex financial instruments that help centralize the financial system, steal money in the trillions and make the financial news incomprehensible. <br /> <a href="http://solari.com/blog/?p=2762">Derivatives 101: Engineering The Slow Burn - Catherine and The Solari Report,May 6, 2009 at 5:05 pm</a> <br /> <a href="http://quikonnex.com/channel/link.php?id=33938">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33938"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33933>Does your credit card make you smile? Really?</a><br>By Tyler Metzger | May 13, 2009 | Living with credit <br /> <p><b>Important prediction:</b> There are about 1,500 more images for the keyword "crying" than for the keyword "credit card" in iStockphoto. <L>I predict the number of crying images to triple before the end of the year.</L> <br /> <p><a href="http://blogs.creditcards.com/2009/05/does-your-credit-card-make-you-smile.php"> Click Here For The Article</a><a href="http://quikonnex.com/channel/link.php?id=33933">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33933"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33845>You have been lied to about how we got into so much debt.</a><br>You are not getting the facts/truth from all the talking heads you see in the National Media. So it is a rare event when you hear the truth there, but of course this is Bill Moyer and he should not be lumped in with all the dis-information Talking Heads <br /> <p>The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout <br /> Click Here <a href="http://www.pbs.org/moyers/journal/04032009/watch.html"> Welcome to BILL MOYERS Journal.</a><a href="http://quikonnex.com/channel/link.php?id=33845">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33845"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33765>Credit created Acute Debt in the hundreds of trillions of dollars.</a><br>Credit Card or Unsecured Debt consumed the family budget. The mortgage debacle made 1000’s of families homeless. We seen record bank failures, Wall Street corruption, and Government bail out of business “too big to fail”. <br /> <p>Not so subtle change are taking place in the USA and for that matter the world. Our entire financial structures is under question. The coming changes will affect every area of our lives. The slogan “yes we can” called out for change and helped to elect President Obama! <br /> <a href="http://quikonnex.com/channel/link.php?id=33765">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33765"> [COMMENT]</a><br><br></li><li><a href=http://quikonnex.com/channel/link.php?id=33749>Debt Relief —Most Programs Have A 75% Failure Rate</a><br><b>The number one problem why most debt relief programs fail is that they require <l>FIXED monthly payments without exception.</l> Debt consolidation, equity loans, credit counseling, debt management plans, even Chapter 13 bankruptcy – it doesn't matter which of these debt relief programs you're talking about. They all suffer from that one fatal flaw that makes all debt relief or elimination program fail. It's not the fees, interest rates, or the quality of the companies behind these debt solutions. <br /> <a href="http://quikonnex.com/channel/link.php?id=33749">[READ MORE]</a> <a href="http://quikonnex.com/channel/item/33749"> [1 COMMENT]</a><br><br></li></ul> </body>