A recent monthly performance report issued by discount mega-retailer Target is showing that, in the ongoing economic downturn, more of the company’s customers have stopped making the monthly payments on their Target-branded credit cards. Not just that, reports the Minneapolis Star Tribune, but those customers who are making payments are paying smaller amounts (more…)

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As a growing number of cash-strapped consumers fall behind on their monthly credit card payments, credit card issuers are abruptly lowering credit limits on many customers’ cards, in some cases by more than 50 percent.

The consumers currently most at risk of getting their credit limits cut, reports The New York Times, are those who (more…)

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In the midst of a global financial and solvency crisis that’s left U.S. banks largely unwilling to extend loans or credit to many individuals, small businesses, or even other banks, 62 percent of credit card companies are reducing their customers’ credit card limits, often suddenly and without notice, (more…)

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Many Americans are overwhelmed with debt, some are barely keeping their heads above water, and others are just looking for practical solutions to weather the current economy.

From CNNMoney.com, here are some things you should know about money, debt, and how to manage your finances to help you live within your means.

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