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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: payments

payments stories: 7 news summaries

Credit Card Firms Cut Deals With Delinquents

Newly relaxed policies allow firms to settle
for portion of debt

Jun 16, 09 8:25 AM CDT
(Newser) - With countless customers running behind on payments, credit card companies are taking it easy on delinquents, letting them off the hook in exchange for partial repayments, the New York Times reports. The firms began easing up on their previous policies last fall, experts say; now they’re letting frontline workers... More »

MORE ABOUT:
bankruptcy • debt • unemployment • credit card • HSBC • settlement • payments • banks • credit card accounts • delinquency

Facebook Wants Your Friendship and Your Money

Site rolls out payment system aimed at getting profit from apps

Jun 2, 09 3:00 PM CDT
(Newser) - Facebook is breaking an age-old business rule: Never do business with friends. In a bid to achieve profitability, the social-networking site is testing an internal payments system that allows its 300 million users to purchase credits redeemable for virtual goods, from Facebook itself or third-party applications. “Over time, this... More »

MORE ABOUT:
social networking • Facebook • online payments • payments • software applications • user base • developer

Ford to Make
Car Payments for Buyers Who Lose Jobs

Firm will cover up to $700/month for a year

Mar 31, 09 10:00 AM CDT
(Newser) - With auto sales battered by the recession and tight credit, Ford is offering a payment protection plan to reassure consumers delaying buying new cars because of job-loss fears, the AP reports. The automaker will cover payments of up to $700 each month for up to a year on any new... More »

MORE ABOUT:
General Motors • Ford • Hyundai • auto industry • auto sales • payments

(Newser) - The White House today kicked off its $75 billion plan to curb mortgage foreclosures, the Wall Street Journal reports. The federal dollars will both push lenders to lower monthly payments and help homeowners keep paying. “Today, we are providing servicers with the details they need to begin helping eligible... More »

MORE ABOUT:
foreclosure • mortgage • Treasury Department • mortgage lender • negative equity • payments • Obama administration • President Obama • Timothy Geithner

 1 in 5 Homeowners Underwater 


Mar 4, 09 10:17 AM CST
(Newser) - More than 20% of Americans with home mortgages owe more to their lenders than their homes are worth, a 2% rise since September, the Washington Post reports. The hardest-hit state was Nevada, where 55% of homeowners with mortgages have negative equity. These 8.3 million homeowners nationwide are much... More »

MORE ABOUT:
foreclosure • mortgage • homeowners • negative equity • payments • economic downturn

With Harvard's Help, Good Grades Pay Off in Chicago

System rewards as much as $50 for A's—and half depends on graduation

Oct 17, 08 1:55 PM CDT
(Newser) - Chicago public high schools are paying students for good grades under a program funded partly by Harvard University, the Tribune reports. Freshmen get $50 for A’s, $35 for B’s and $20 for C’s, with half their earnings held until they graduate. Some 20 other Chicago-area schools, encompassing... More »

MORE ABOUT:
education • high school • Chicago • money • school • grades • payments

Foreclosures Soar on
Homes Over $1M

Foreclosures on million-dollar homes way up since last year

Sep 27, 08 5:38 PM CDT
(Newser) - The housing crisis, having wreaked havoc on low- and middle-income homeowners, is moving into the mansion set. Foreclosures on $1 million plus homes have almost doubled since last year, MSNBC reports, and more than doubled for homes over $2 million. The reasons are familiar: layoffs in the executive and professional... More »

MORE ABOUT:
foreclosure • seizure • millionaires • housing crisis • payments • luxury homes • valuation

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