Credit Card Rates Likely to Continue Rising (PR Web via Yahoo! News)

Credit Card Freak wrote this mid-morning:

Cleveland, OH (PRWEB) November 30, 2005 — Average credit card rates rose for the eighth straight week, and more increases are expected, according to the IndexCreditCards.com weekly Credit Card Monitor.

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HLB to boost credit-card market (The Star Online)

Credit Card Freak wrote this mid-morning:

HONG Leong Bank Bhd (HLB) aims to boost its local credit card market share to 10% from 8.5% within the next 12 months with the launch of its Hong Leong Club Rewards (HLCR) Credit Card programme in Kuala Lumpur yesterday.

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Credit card bills going up in January (WBBH)

Credit Card Freak wrote this mid-morning:

CHARLOTTE COUNTY — Many credit card holders are in for a major surprise when they open their bills in January. A new federal law requires credit card companies to increase minimum monthly payments starting January 1st. The move is designed to help people escape from credit card debt faster.

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Man sentenced to more than 12 years in credit card scam (Gazette Extra Sports)

Credit Card Freak wrote this mid-morning:

MILWAUKEE - A 46-year-old man who pleaded guilty to four counts on allegations he illegally collected $1.2 million from banks through a credit card scam has been sentenced to 12 years and seven months in federal prison.

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Credit card purchases up 9% in January-October (Globes Online)

Credit Card Freak wrote this mid-morning:

Credit card purchases rose 9.4% in September-October 2005, compared with the corresponding period last year.

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Advanta Prices Securitizations Backed by Business Purpose Credit Card Receivables (Business Wire via Yahoo! Finance)

Credit Card Freak wrote this mid-morning:

SPRING HOUSE, Pa.—-Nov. 29, 2005–Advanta Corp. announced today that its wholly-owned subsidiary, Advanta Business Receivables Corp., has priced $350 million of business credit card securitizations, backed by receivables in revolving business purpose credit card accounts originated by Advanta Bank Corp.

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Audit faults management of Nevada Test Site credit cards (San Diego Union-Tribune)

Credit Card Freak wrote this mid-morning:

LAS VEGAS, 8:02 a.m. Nov. 29 (AP): Energy Department auditors have faulted government credit card management by a company that helps operate the Nevada Test Site.

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Rate deals led to debt of £60,000 on 10 cards (Financial Times)

Credit Card Freak wrote this mid-morning:

Ali Hussein, 43, a father of two from London, amassed a debt of £60,000 on 10 credit cards over seven years. His plight is not unusual.

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W.Va. offers credit card education (The Huntington Herald-Dispatch)

Credit Card Freak wrote this mid-morning:

How much do you know about credit cards and how they can affect your personal finances? Not as much as you might think, says Jill Miles of the West Virginia attorney general’s consumer protection division.

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Gift cards extend holidays, help US retailers (AFP via Yahoo! News)

Credit Card Freak wrote this mid-morning:

Americans looking for holiday shopping ideas are turning increasingly to prepaid gift cards, offering credits for anything from massages to work tools, a new trend that seems to help retailers and consumers.

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