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Credit Card Companies Strike Back |
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Written by Gil Michel
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 There was a time when having a credit card was considered to be an elite privilege. The purpose of credit card was to avoid carrying large sums of cash. People gladly paid annual fees for the convenience, and no one offered things like frequent flier miles or cash-back rewards. As a matter of fact, it was so difficult to get a credit card, you were glad to have been accepted into the "elite".
There is currently legislation in the works to limit how credit card companies can charge you in terms of penalties, late fees, and interest rate hikes. These change in fees come, usually, with no or little warning. So, in essence, you could be carrying a large balance on a credit card, and have your interest increase by as much as $70, $80 or $90, just like that. Some consumer advocacy organizations claim that credit card companies are grossly profiting from these unnecessary fees and rate hikes and it has to stop. The argument from the companies is that the free market is just that- free. If you feel the fees are too high or unfair, then go to another company. But we know that it's not that easy.
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How Can Black Women Erase Debt? |
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Written by Daryl C. Hannah
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 Balancing family financial obligations has made it nearly impossible for some Black women to save, a study by ING shows.
The survey, which polled 1,000 Black and 454 "non-Black" women about their spending habits, found that more than half of the Black respondents lent $500 or more to a friend or family member within the last year; one-third said they loaned more than $1,000. "Black women's sense of obligation to community and family is both extraordinary and commendable," says Rhonda Mims, president of ING Foundation and senior vice president of ING's Office of Corporate Citizenship & Responsibility. "But when you are pulled in so many directions financially, something or someone has to pay the price. For Black women, it appears their financial well-being suffers." Unfortunately, that sense of obligation has adversely affected Black women's ability to save. Among those surveyed: · 66 percent own a retirement account, compared to 79 percent of all other women · 28 percent own individual stocks and bonds, compared with 52 percent of all other women · 23 percent own mutual funds, compared with 39 percent of all other women
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Written by Ken Brown
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 My Coach Mr. Herbert Harris holds me accountable to this timeless
and powerful truth. "Your life is a garden and you are the gardener"
That is Bananas!!! What gets me so excited about this is that it aligns
with Proverbs 23:7 "For as he thinketh in his heart so is he: Eat and
drink, saith he to thee: but his heart is not with thee" I believe your
thoughts become your words, your words become your actions, your
actions become your character, your character becomes your destiny.
Simply put, we can control our destiny by being the master of our
thoughts. Let that marinate in your mind for a minute. Yes you read it
correctly, it is not a type "O "You are the Master of your fate, you
are the captain of your soul. Listen to what James Allen says about the
power of your thinking" The aphorism " As a man thinketh in his heart
so is he, not only embraces the whole of man's being, but is so
comprehensive as to reach out to every condition and circumstances of
his life.
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Economic Forecast Predicts Tough Times |
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Written by Administrator
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This is a quick recap of some things that people should be aware of as we head into the remainder of November as it pertains to our nation's fiscal health.
1. The Auto industry is reeling right now. They state that if there is no fresh infusion of cash before the end of the year, they don't think that they will be able to make it until the end of the year.
2. The Unemployment situation is becoming serious. The rate has hit a 14-year high recently at 6.5%. Analysts are predicting that that number could hit 9% in a matter of months, with a loss of 300,000 jobs in November 2008 alone.
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