Personal Finance news in brief Daily Telegraph
Barclaycard customers are expected to default on £1.5bn of debt this year, according to a statement from Barclays, its parent company. The credit card issuer blamed the rapid rise in the number of personal insolvencies for this unprecedented level of bad debt.
Barclays to write off 1.5bn in credit card debt as bankruptcies hit record level Times Online
Barclaycard, Britain's most popular credit card, signalled yesterday that it expected its army of customers to default on an unprecedented £1.5 billion of debt this year.
False debt allegations The Business EDP 24
Q: Six months ago debt collectors demanded £450 due to a credit card company. It was only when I sent a photocopy of my passport, showing my name was not the same spelling as the debtor, that they and the card company backed off.
Credit Repair: Beyond the Fair Credit Reporting Act Carmi Times
(ARA) - Bad credit can happen to good people. On a day-to-day basis, you can't control all the factors that influence your credit score. What's more, credit reports often contain errors.
Singing a Holiday Tune or a Debt Dirge? The Motley Fool via Yahoo! News
For many people, the season of giving is also the season of guilt. It's a miserable feeling to be shopping for holiday gifts with a credit card that already has a big balance hanging over your head. It's a helpless feeling of drowning, with the shore nowhere in sight.
Singing a Holiday Tune or a Debt Dirge? Motley Fool via Yahoo! Finance
Attack your debt if the holidays have you wringing your hands over credit card bills.
Finance companies recovering - survey Stuff
Finance companies, rattled by three mid-year company collapses that affected margins and reinvestment, were recovering and generally in good shape, according to a survey released today by KPMG.
Fair Finance takes leaf out of bank book to give credit where it is due Financial Times
A decade ago, Faisel Rahman was camped out in a tree as part of the guerilla campaign to prevent the Newbury bypass being built. Today he is trying to change the society through capitalism with a business that provides loans and bank accounts to some of the UK’s poorest communities in east London.
Barclays Card Defaults Will Limit 2006 Profit Growth Update9 Bloomberg.com
Nov. 28 (Bloomberg) -- Barclays Plc, the U.K.'s third-largest bank by assets, said credit-card defaults will limit this year's profit growth.
Army Scammed Into Buying Golf Balls Sun-Sentinel
On paper, the U.S. Army was supposed to be getting "a ball bearing assortment" for $1,409. It was bad enough that the order form marked up the price from $682.50. But there was something about the order that was way out of bounds: It was for 420 golf balls for a civilian employee at the Army's Aberdeen Proving Ground.

Credit Repair: Self Help May Be Best
companies that recommend that you not contact a credit reporting company directly. Identity thieves may use your information to open a new credit card
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Other credit cards: Make sure that the card company reports that you are making your Rebuilding Bad Credit Divorce Financial Worksheet - New Edition!
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