Posts Tagged ‘economic’

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Pottow Says Retirees Blame Credit Cards for Bankruptcies


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Oct. 29 (Bloomberg) — John Pottow, a professor at the Univesrity of Michigan Law School, talks about a study showing bankruptcies among U.S. retirees increased.
Pottow speaks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg)

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Shoppers Can’t Pay For Food Anymore

More and more people can’t pay for their shopping using one payment method.
many use 2 or 3.
Shopping trolleys are shrinking to make you think you’ve got the same value for your devalued paper money.
How are people making car payments if they can’t afford food?

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U.S. issues $7 trillion debt; Credit Card Trends Worsened; Census Worker hanged

U.S. issues $7 trillion debt, supply to stabilize

http://finance.yahoo.com/news/US-issues-7-trillion-debt-rb-118622363.html?x=0&.v=4

AP source: Census worker hanged with ‘fed’ on body

http://www.google.com/hostednews/ap/article/ALeqM5jbzG_BlkG2Hfc818EPRRn1bBlP6gD9AT92400

Moody’s: Credit Card Trends Worsened in August

http://www.nytimes.com/aponline/2009/09/23/business/AP-US-Moodys-Credit-Cards.html

The average American household has $8,329 in credit card debt, according to the Nilson Report,

http://www.cnn.com/2009/LIVING/worklife/09/21/mainstreet.digging.out.of.debt/

For Some Women, Recession Means Having Few Children

http://voices.washingtonpost.com/checkup/2009/09/for_some_women_recession_means.html?wprss=checkup

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Bankruptcy filings up 22%; WIlson Calls Obama During Speech

Bankruptcy filings up 22% in August vs. last year

http://www.usatoday.com/money/economy/2009-09-08-bankruptcy-filings-up_N.htm?loc=interstitialskip

Dollar touches fresh low for 2009 vs. euro

http://finance.yahoo.com/news/Dollar-touches-fresh-low-for-apf-244118382.html?x=0&.v=5

US Girl Scouts prepare for war, pestilence

http://news.yahoo.com/s/afp/20090908/pl_afp/usattackschildrenoffbeat_20090908185707

Camp Runamuck: A Glimpse of the East Providence Homeless Community

http://www.truthout.org/090909R

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Credit Card Collapse

How to deal with Credit Card Debt. Collection agency will be after you. Action: 1. Read Fair Debt Collection Practices Act. Know your rights. Do not blow 30 day window to dispute the debt (validate it). Download letter sample at http://www.awakeningblog.com/books.html
If they call you tell them that you understand that they want to collect debt, so please send me letter so I know who is trying to collect it. Good luck. Please share results if any. Make sure you understand to whom FDCPA applies. It is not a legal advise.

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