Credit card losses are climbing at banks and the profits are shrinking.  If you are counting on cred cards to help you get through this economic bad patch, don’t be surprised if your credit limits get cut.
Banks are typically borrowing money to lend to you on a credit card.  They may borrow the old fashioned [...]

Credit card losses at large banks continue to pile up. This will mean less credit for consumers in the future.
Citigroup reported that it lost $176 million on credit card securitization operations in the second quarter of 2008. That is on top of setting aside $735 million for credit losses and over $345 million [...]

Debt collectors are feeling the downturn in the economy. As the times get harder, one can almost hear the collection managers yelling at the collectors to squeeze the consumers for every last dime.
The consulting firm Kaulkin Ginsberg even maintains an index of economic factors which affect the performance of debt collectors (euphemistically called the [...]

Social Security would like your help. Predatory lenders in some places have found a way to, in effect, take control of Social Security payments and collect fees from that meager stipend essentially forever. The Social Security Administration is taking public comments until June 20, 2008 about what they should do, if anything.
Here’s where [...]

Beginning January 1, 2008, medical creditors could have the State of Missouri collecting their debts for them by taking your tax refunds. Once again, creditors have convinced legislators to allow them to take your money without giving you a meaningful way to defend yourself.
Under the new law, a health service provider like a hospital [...]