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Bankruptcy And Debts Blog 27 February 2008

27 February 2008

Chinese Banks Careless About Potential Credit Risk Crisis

Posted by James Breen at 2/27/2008 8:06:00 AM

This was sent to me by my friend. Imagine how happy I was when I read it, it convey an ideal image of credit report rating.

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:

Share your weekend snapshot. MK plays the saxophone. And he likes it. So much so, that he's agreed to weekly lessons with a music teacher, tried out for jazz band (made it!), tried out for honors band (made it!) and over the weekend, he played in a saxophone ensemble with two other kids from school. Playing in this ensemble was purely voluntary - he didn't receive extra credit for doing it and it wasn't for a grade. It was simply a chance to show off his skills and find out what a .. read the rest part.

It is lovely. Read the rest of this entry »

Posted at 8:6 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