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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? Business Insight The Salt Lake Tribune Kirk Herath, chief privacy officer for Nationwide Insurance How much of a problem is ID theft around the holidays? With increased shopping and credit card use, the holiday season presents a prime opportunity for identity thieves to steal consumers' financial information. The more consumers buy, the more often their financial information is a risk. 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. 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 Avoid the Loan Sharks The Motley Fool Convenience comes at too big a price. Savings levels and rates should rise in 2007 Bankrate.com via Yahoo! Finance If the economy slows, as many expect, savings rates should rise. A potential rate war could fuel the fire. 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. GANNETT NJ NEWSPAPERS Home News Tribune Dan Ramey, 25, a graphic artist, has one credit card that's maxed out at a low balance of $1,000, but otherwise he's got it together financially, he said recently. Barclays Insolvencies to Limit Profit Growth in 2006 Update6 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. Loan writedowns at the Barclaycard credit-card division will increase at the same rate as in the first half, the company said in a statement. Barclays Insolvencies to Limit Profit Growth in 2006 Update4 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. Loan writedowns at Barclaycard, the card division, will increase at the same rate as in the first half, the company said in a statement.
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