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	<title>SettlementMax - Financial Freedom&#187; Credit card companies earned $55.2B in fees in 2006, up from $54.8B the year before (according to R.K. Hammer)  &#8211; SettlementMax &#8211; Financial Freedom</title>
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		<title>Credit card companies earned $55.2B in fees in 2006, up from $54.8B the year before (according to R.K. Hammer)</title>
		<link>http://settlementmax.com/blog/credit-card-companies-earned-55-2b-in-fees-2006-54-8b-year-before-according-r-k-hammer/</link>
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		<pubDate>Tue, 17 Nov 2009 17:06:03 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<description><![CDATA[Credit card companies earned $55.2B in fees in 2006, up from $54.8B the year before (according to R.K. Hammer). ]]></description>
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		<title>How Did We End Up In Debt?</title>
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		<pubDate>Fri, 13 Nov 2009 21:56:31 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<guid isPermaLink="false">http://settlementmax.com/blog/?p=331</guid>
		<description><![CDATA[In the past, it was simply too easy for consumers to obtain credit.  Because credit was so easy to get, consumers figured out how to leverage their credit card rewards and balance transfer cards in order to make money. Many tried to perform credit card arbitrage by taking out cash advances and balance transfers from these cards, then investing the amounts into a rising stock market. This was one of those things you'd consider to be a "sign of the times." Of course, things are different today, but the 2000s was a ...]]></description>
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		<title>Banks Are Jacking Up Interest Rates, Penalties And Fees</title>
		<link>http://settlementmax.com/blog/banks-are-jacking-up-interest-rates-penalties-and-fees/</link>
		<comments>http://settlementmax.com/blog/banks-are-jacking-up-interest-rates-penalties-and-fees/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 21:45:09 +0000</pubDate>
		<dc:creator>Power User</dc:creator>
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		<description><![CDATA[Before a new law of reforms becomes effective in February of 2010, Credit card companies are raising interest rates, penalties and fees. As of July, interest rates spiked an average of 20% across the board from December 2008 with some issuers raising the interest rates 30 and even 50 percent. When the Pew Health Group [...]]]></description>
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