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    Credit Card News - June 6, 2010



    re: What Oil Spills Can Teach Us About Dealing with Debt in Canada
    It's interesting to read this article. Most of us have been in the position where we get out of control with debts. Spending gets out of control, and it's hard to see our way back. That's why I found this article about oil spills and debt quite intriguing.

    When I think about the oil spill off the Gulf of Mexico I feel helpless and out of control with the situation. I've been in the situation similar to this, and it was a long excruciating process back to a point where we got back into financial control. In this debt laden economy I'm sure there's a lot of people that can relate to finances are out of control.

    re: VIU will stop accepting credit cards for payments on tuition
    I was quite shocked to be honest about the amount of fees that this university pays when people use their credit cards. The article states that the Vancouver Island University pays upwards of $340,000 credit card fees when students pay with their credit cards. Ultimately this cost is passed along to the students.

    It also goes to show how much credit card debt is being created by these students. if credit card fees are at say 1.5%, this means that the students are charging an estimated $22,666,667 annually for their tuitions on their credit cards!!



    What Oil Spills Can Teach Us About Dealing with Debt in Canada
    www.bankruptcy-canada.ca - Blog
    Last week I discussed what sunburn can teach us about bankruptcy in Canada. I made the comment that I had met with numerous Canadians in financial trouble who had commented to me about sunburn, and what to do about it.
    Create your own fund for emergencies
    www.calgaryherald.com - Blog
    Credit-card payment protection and the tax treatment of accumulated sick days were among the topics raised in the latest batch of reader questions. Here's what they wanted to know.

    Q: I have payment-protection insurance on my credit cards and I'm wondering if this is necessary.
    VIU will stop accepting credit cards for payments on tuition
    www.canada.com - Blog
    As of September, Vancouver Island University will join more than 50% of Canadian universities that no longer accept credit card payments for tuition.

    Credit card payment for student union and activity fees will also no longer be accepted.




 
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2 Comments
On Jun 13, 2010, TradePlacer Said:
If you're a few months late with a large balance, the best thing to do may be just to call up your creditors and negotiate with them. They just may offer you a payment discount on the balance.
On Jun 7, 2010, Sports News Said:
Nice Post, credit cards are always helpful in the hour of need. I am astonished why 50% universities banned credit cards payments for tuition fee in Canada?
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