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.
Don't Let December Debt Haunt Your New Year's Resolutions Wellsville Daily Reporter
(ARA) - One of the top New Year's resolutions for Americans is to get out of debt and to better manage their money. Currently, consumer debt is at an all-time high and many people are still paying off their credit cards from last Christmas.
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.
South Africa: Deluge of New Credit Cards Both Good And Bad News AllAfrica.com
A SURGE in credit card debt and strong growth in the number of available credit cards on the market could lead to growing bad debts at banks next year and the need to provide debt counselling for over-indebted customers, says the National Credit Regulator.
Bad Credit Loans Rebuz
If you have defaulted on a loan or missed a credit card payment, you could easily be regarded as a bad credit risk by financial companies.
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.
U.K. Bankruptcies Soar as Loans, Card Debt Top $6,800 a Person Bloomberg.com
Dec. 1 (Bloomberg) -- Roland Snooks couldn't resist a good deal on a loan, and for 11 years, banks including Egg Plc and Abbey National Plc were happy to feed his habit.
Editorial: Desperate for help New Straits Times
THE story of the debt-ridden father who killed his three sons but survived the attempt on his own life and that of his wife is another poignant tale of people driven to the breaking point by the intimidating tactics of Ah Long.

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The credit card miracle of 2005. - By Daniel Gross - Slate Magazine
Americans Pay Off Credit Card Debt!This is not science fiction. It's really happening. Bad news for the credit card companies may be better news for us.
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