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Bankruptcy And Debts Blog 28 April 2008

28 April 2008

On e-commerce and Extra Credit Cards

Posted by James Breen at 4/28/2008 9:36:00 PM

I remember going out to lunch with a group of young people. We talk so many posts about bad credit card application.

I like to take a look, but it was mostly pretense, just touching the words of bad credit card application with my eyes and making a swallowing movement accompanied by a delighted smile.

Take a look on this one post on recently.

I just sat down with Max Levchin, chief executive of leading widget-maker Slide, after his talk at the web 2.0 Expo this afternoon. He gave me more information on Slide's interest in forms of revenue besides advertising and the role of feeds — like Facebook's news feed or Friendfeed — on the web. He also tells me about the increasing number of application programming interfaces for third-party developers, and how maybe one day there'll be APIs that let him create multimedia widgets ..other part.

If I like the post, I will desperately collect it and treat it as my baby. You are right, I am here, because I love your post: Read the rest of this entry »

Posted at 21:36 0 comments


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Credit card and even more so Store card interest are set at exorbitant rates for one reason alone, companies make their money from the consumer’s inability to settle their card balances. Credit card debt is unsecured, whereas other debt like your mortgage is secured (your home acts as security against your debt). With credit card debt, there is no backing security, which means that credit card debt is high risk for banks and hence the high interest rates