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Eliminate Credit Card Debt Derby Daily Reporter (ARA) - You've heard the old adage, pay down your credit card debt each month to avoid the nasty interest rate charges and fees that result from revolving balances. The Credit card Generation Daily News PLASTIC MONEY: This month is a wonderful time of the year for one of the banking industry's lucrative businesses: credit cards. In the coming weeks, thousands of urban Sri Lankans will reach into their wallets and use plastic to buy billions worth of holiday gifts. But, at what cost? Bank chief King says families risk losing everything to debt Evening Standard A strong warning that people are running up "desperate" levels of personal debt has been sounded by the governor of the Bank of England. Mervyn King said the speed with which some families were amassing unsecured liabilities such as credit card bills was putting them at risk of losing everything. Refinancing won't solve debt problems Bankrate.com via Yahoo! Finance Tapping equity to refinance a mortgage will wipe out credit card and student loan debt, but it creates new problems if you keep on spending, says the Debt Adviser. 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. Credit-card top rate raised Bangkok Post Maximum interest rates for new credit card users will increase to 20% per year from 18% starting next month, the Bank of Thailand announced yesterday. True Debt Advisor Warns: The Season Begins for Credit Card Abuse PR Web Thanksgiving is over, the stores are open early, and retailers are enticing shoppers with lower prices. The season has begun to abuse the plastic in our wallets. When the credit card statements arrive, many Americans will learn to resolve the extra strain on their budgets by learning how to legally eliminate 100% of their credit card debt, without bankruptcy, consolidation, or refinancing. (PRWeb GANNETT NJ NEWSPAPERS Home News Tribune If someone is young and has a credit card, chances are they carry debt, with high monthly interest payments to boot. Avoid the Loan Sharks The Motley Fool Convenience comes at too big a price. Overhaul tax credits or miss key child poverty targets, Brown told Guardian Unlimited Gordon Brown will miss crucial child poverty targets unless he signals, in his pre-budget report tomorrow, a complete overhaul of the troubled £14bn tax credits system, leading anti-poverty campaigners have warned the chancellor.
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