Frank Fitton posted an article on The Debt Gazette - Nov 23, 2009, 1:06 pm
As the new credit card laws have been passed banks have found that one of their major sources of profit is being extinguished. They’ve responded by trying to squeeze in rate increases right befo...
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Frank Fitton posted an article on The Debt Gazette - Nov 20, 2009, 1:25 pm
It seems like everything these days comes down to money. People need more of it, companies aren’t making enough of it to give people more, and the cycle just spins round and round. Fortunately, ...
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Frank Fitton posted an article on The Debt Gazette - Nov 18, 2009, 9:41 am
The financial crisis has hit our country in many different ways. A whole lot of people’s lives have been devastated by the financial goings on of the past few years, or at the very least turned ...
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Frank Fitton posted an article on The Debt Gazette - Nov 16, 2009, 10:53 am
As our country slogs its way out of the recession people have had to make a whole lot of changes in the way they’ve been running their lives. It seems as if no sector of the economy or segment o...
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Frank Fitton posted an article on The Debt Gazette - Nov 13, 2009, 10:14 am
Today the Federal Reserve announced a set of rules it was enacting in order to make it harder for banks to hit their customers with those dreaded overdraft fees. Overdraft fees have long been a major ...
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Frank Fitton posted an article on The Debt Gazette - Nov 12, 2009, 12:53 pm
By now everyone has to be familiar with disgraced financier Bernie Madoff and his infamous ponzi scheme. The victims of this man’s disgraceful actions were left pretty much holding the bag with ...
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Frank Fitton posted an article on The Debt Gazette - Nov 11, 2009, 12:10 pm
On Tuesday, two former Bear Stearns hedge fund managers were acquitted of all charges in the first major criminal case spawned by the financial crisis. This case was seen as a major test of just how w...
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Frank Fitton posted an article on The Debt Gazette - Nov 10, 2009, 11:14 am
The Treasury Department reported today that over 650,000 people have been entered into the government’s trial loan modification program since its inception in February of this year. The goal of ...
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Frank Fitton posted an article on The Debt Gazette - Nov 9, 2009, 10:43 am
People on Wall Street are often times portrayed as being greedy money grubbers who are only concerned with the bottom line. While this stereotype might not necessarily be untrue, it isn’t accura...
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Frank Fitton posted an article on The Debt Gazette - Nov 6, 2009, 10:24 am
Today the Department of Labor released its monthly economic appraisal and while not really surprising, the news is certainly not good. For the month of October the U.S. economy lost 190,000. That mark...
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Frank Fitton posted an article on The Debt Gazette - Nov 5, 2009, 10:32 am
The Labor Department released their report on unemployment in our country today and the news was surprisingly good. The number of new people filing for unemployment benefits last week fell by 20,000 w...
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Frank Fitton posted an article on The Debt Gazette - Nov 4, 2009, 10:58 am
Financial troubles are not major news in these day and age as they’ve hit almost everyone to varying degrees. There are certainly a whole lot of people around this country simply managing to bar...
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Frank Fitton posted an article on The Debt Gazette - Nov 3, 2009, 10:22 am
Of course everyone has seen the ads advertising free credit reports, they certainly are memorable with their catchy jingles. I’m sure even a few people out there have caught themselves singing o...
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Frank Fitton posted an article on The Debt Gazette - Nov 2, 2009, 11:07 am
During these troubled times a whole lot of people are having to turn to mortgage modifications in order to stay in their homes. As the recession has marched on and our financial culture has changed ma...
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Frank Fitton posted an article on The Debt Gazette - Oct 30, 2009, 10:31 am
The recession might not be over, but at least the contraction is. In the 3rd quarter our nation’s economy expanded for the first time in over a year. The nation’s gross domestic product ex...
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Frank Fitton posted an article on The Debt Gazette - Oct 29, 2009, 10:26 am
At one point it seemed like everything was working out for Antoine Walker. At 22 he had just signed a 6 year $71 million dollar contract to play for the Boston Celtics. The city loved him and he seeme...
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Frank Fitton posted an article on The Debt Gazette - Oct 28, 2009, 11:54 am
On Monday the Internal Revenue Service announced the development of a new enforcement unit specifically designed to target the super rich. The goal of the new unit will be to help the IRS decode partn...
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Frank Fitton posted an article on The Debt Gazette - Oct 27, 2009, 11:03 am
It seems that most of the talk about credit scores these days centers around middle and lower class people. However, wealthy people are not immune to credit score difficulties. Just because you have a...
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Frank Fitton posted an article on The Debt Gazette - Oct 26, 2009, 10:45 am
This past Friday the banking industry hit a milestone that they would rather have not had the honor of reaching. The 100th bank failure of the year was announced, and was then quickly followed by fail...
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Frank Fitton posted an article on The Debt Gazette - Oct 23, 2009, 10:49 am
It seems like a whole lot of the news these days is about all the common folks struggling with financial difficulties. The recession has hit most people especially hard in the pocketbook. However, som...
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Frank Fitton posted an article on The Debt Gazette - Oct 22, 2009, 10:36 am
Everyone knows that the recession has hit people’s finances pretty hard. Lots of people are now saddled with mortgages that are worth more than the house their paying on, and once prosperous sto...
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Frank Fitton posted an article on The Debt Gazette - Oct 21, 2009, 11:12 am
Recently Bank of America made the announcement that they were going to start testing out annual fees for their credit cards. The plan is being implemented on an estimated one percent of their current ...
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Frank Fitton posted an article on The Debt Gazette - Oct 20, 2009, 10:37 am
People across this county have seen their credit scores plummet at an incredible rate. Be it from credit card companies cutting your limits, or the more traditional manner of simply not being able to ...
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Frank Fitton posted an article on The Debt Gazette - Oct 19, 2009, 10:58 am
The recession has hit people hard all across our country. People know that in this country we basically need to have a credit score to really move forward with your life. If your credit score is in sh...
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Frank Fitton posted an article on The Debt Gazette - Oct 16, 2009, 10:47 am
Today Bank of America released their earnings report for the third quarter and the news was certainly not good. They reported losses of over $2.2 billion dollars for the quarter. Now that’s quit...
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Frank Fitton posted an article on The Debt Gazette - Oct 15, 2009, 10:40 am
Last week actor Jeremy London was hit with a civil suit by credit card company American Express seeking that he pay back the more than $20,000 in credit card debt that he had racked up. As we all know...
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Frank Fitton posted an article on The Debt Gazette - Oct 14, 2009, 10:44 am
Today the Commerce Department released their figures on retail sales for the month of September. The numbers showed a 1.5 percent decline for the month. At first glance that might seem like a bad thin...
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Frank Fitton posted an article on The Debt Gazette - Oct 13, 2009, 10:18 am
The recession has hit most industries very hard. Businesses that were booming during the glory years of consumer spending have now found it hard to cope with the changing financial climate. Those that...
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Frank Fitton posted an article on The Debt Gazette - Oct 12, 2009, 11:24 am
The glory days of living high on the hog with credit are becoming a distant memory. Things have certainly changed, now people are being faced with the task of having to repay their debts from that tim...
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Frank Fitton posted an article on The Debt Gazette - Oct 9, 2009, 10:57 am
In a perfect world, people in this country are told to work hard over the years so that they can save enough money to retire and live out their golden years in a relaxing, peaceful environment. Part o...
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Frank Fitton posted an article on The Debt Gazette - Oct 8, 2009, 10:43 am
Yesterday, the Federal Reserve released their statistics on credit for the month of August, and for the 7th straight month consumer credit declined. The last time that consumer credit declined for sev...
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Frank Fitton posted an article on The Debt Gazette - Oct 7, 2009, 10:05 am
Ever since the Credit Card Accountability, Responsibility and Disclosure (CARD) Act was passed, credit card companies have been scrambling to figure out how to respond to it. One of the biggest provis...
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Frank Fitton posted an article on The Debt Gazette - Oct 6, 2009, 10:22 am
The recession has hit everyone in some sort of way. Large corporations to consumers, the whole economic spectrum has suffered. One area that I think has been hit especially hard is that of family busi...
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Frank Fitton posted an article on The Debt Gazette - Oct 5, 2009, 10:21 am
In a perfect world any debt a consumer racks up would eventually be paid off. The whole reason for getting into debt would be because you didn’t have the money for whatever you wanted right then...
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Frank Fitton posted an article on The Debt Gazette - Oct 2, 2009, 9:30 am
As anyone who’s been paying attention for the last few months knows the job market is the sector that continues to lag behind in our country’s climb out of the recession. While other secto...
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Frank Fitton posted an article on The Debt Gazette - Oct 1, 2009, 11:58 am
Like a lot of people around the country recently, Ann Minch found that the interest rate for her Bank of America credit card was being raised. Minch claimed that she had never been late on a payment a...
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Frank Fitton posted an article on The Debt Gazette - Sep 30, 2009, 11:39 am
Back when the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act was signed, many heralded it as a big win for consumers. Finally someone was doing something to look out for the bes...
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Frank Fitton posted an article on The Debt Gazette - Sep 29, 2009, 11:03 am
In these hard economic times even the institutions set up to help protect us from hard times have found their resources strained. The FDIC has reached the point that it simply does not have the necess...
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Frank Fitton posted an article on The Debt Gazette - Sep 28, 2009, 12:24 pm
The good news is that there have been signs of an economic recovery, the bad news is that the job market continues to struggle. Right now there are simply not enough job openings around to even come c...
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Frank Fitton posted an article on The Debt Gazette - Sep 25, 2009, 10:50 am
When you go to a store these days almost all the time you pay the same amount for a product whether you use a credit card or cash. However, the store’s take of that amount is not the same for th...
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Frank Fitton posted an article on The Debt Gazette - Sep 24, 2009, 12:13 pm
I think a major contributing factor to our country not being able to drag itself out of this recession is that people don’t want to take personal responsibility for their actions. Everyone is al...
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Frank Fitton posted an article on The Debt Gazette - Sep 23, 2009, 11:16 am
It seems like the banks are finally responding to some of the criticism being brought on by the way they go about business. Today two of the major banks plan to announce an easing of their overdraft p...
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Frank Fitton posted an article on The Debt Gazette - Sep 22, 2009, 11:39 am
Everyone generally knows that their credit score is an important factor in almost all your major life decisions. At least all the ones that involve your finances, and I think all of them do in some wa...
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Frank Fitton posted an article on The Debt Gazette - Sep 21, 2009, 11:24 am
This past Friday the Bureau of Labor Statistics released their report detailing the labor statistics for the month of August. The news was not good, but not really unexpected either. Even when Federal...
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Frank Fitton posted an article on The Debt Gazette - Sep 18, 2009, 10:24 am
On Saturday night Floyd Mayweather Jr. will make his return to the ring in Las Vegas, Nevada against Juan Manuel Marquez. The fight will be shown on PPV as always and Mayweather should be taking home ...
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Frank Fitton posted an article on The Debt Gazette - Sep 17, 2009, 10:17 am
People have gotten fed up with the credit card companies are there seemingly deceptive practices. Its reached such a fevered pitch that the credit card companies have now been forced to respond before...
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Frank Fitton posted an article on The Debt Gazette - Sep 16, 2009, 1:12 pm
The recession has hit everyone in this country like a ton of bricks. People’s property values have plummeted, many have lost their jobs, and their once prosperous portfolios are now not enough t...
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Frank Fitton posted an article on The Debt Gazette - Sep 15, 2009, 10:26 am
It is starting to seem like almost every day we get a sign that maybe our country is getting out of the recession, only to be followed by another sign that we continue to linger in the recession. That...
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Frank Fitton posted an article on The Debt Gazette - Sep 14, 2009, 11:06 am
There are a whole lot of factors that go into your credit score. The formulas these companies use to determine your score are downright complex and sometimes baffling. The big factors like payment his...
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