| Guest column: Home equity loans should be used sparingly
The versatility of the home equity line of credit has many consumers tapping into their home's equity to pay for home improvement projects, college tuition, weddings, new vehicles and credit card consolidation. While there are no restrictions on how the proceeds can be used, using your home's equity as a temporary solution to a long-term problem could jeopardize your home and credit. For example, using a home equity line of credit to consolidate credit card debt can put you into further debt if you continue to use your plastic and carry a balance from month to month. Your home is usually your largest asset. If you choose to use your home for additional credit, be sure you have a plan and purpose for that credit, such as financing a home renovation to improve your asset and increase your home's value.
Police calls: Man says three bogus credit card accounts opened in his name
4800 block of Bott Road, Bellville � A 38-year-old man told sheriff�s deputies Monday afternoon that someone opened three credit card accounts in his name and ran up $1,313.28 in charges. First block of Orchard Street, Mansfield � Frederick D. Dale, 38, of 329 Second Ave. was arrested for felony drug abuse and on a felony warrant after a traffic stop early Tuesday. A 47-year-old man also was arrested on a misdemeanor failure-to-appear warrant. Dale reportedly ran from the vehicle to the rear of a residence and banged on the door. Dale also dropped a pill bottle in a flower pot, police said, and was ordered to the ground at gunpoint. The pill bottle reportedly had two rocks of crack cocaine. .
AMD goes for broke with ATI offering
CHIP FIRM AMD has released the Radeon HD 3800 series. It issued a press release which said the thing has been unleashed for the enthusiastic gaming masses. Let's hope we never meet more than one of them at a time. It supports Direct X 10.1, as we've noted earlier on this page, and was codenamed "Spider". It delivers "an unprecedented level of scaleable performance," said a marketing chip called Rick Bergman. It marks a "flawless transition" to 55 nanometres. Its customers will build stuff using it. .
Nigeria: Refund Our Money, Danbaba Tells FG
Governor Danbaba Suntai has once again called on the National Debt Management Office (DMO) to refund money illegally deducted from the treasury of the defunct Gongola State. Governor Danbaba Suntai disclosed that before the creation of Taraba and Adamawa states out of the now defunct Gongola, funds were illegally deducted from the state in the name of servicing non-existent debts . .
(AFX UK Focus) 2007-11-14 12:04 GMT: HSBC investor Knight Vinke calls for 'focus' from bank after subprime losses
LONDON (Thomson IM) - Knight Vinke, an activist investor in HSBC, said the bank's announcement today of further substantial provisions for losses due to the US subprime crisis, and debt trading, "underscores the risks associated with not focusing sufficiently on businesses where HSBC has comparative advantage." Knight Vinke also expressed concern that HSBC's management has failed to recognise that the group may have become too large and too complex, to be controlled effectively. The investor said: "We continue to believe that shareholders would benefit from greater focus, a more independent board and a truly impartial strategic review." Today HSBC said third quarter profits will be ahead of a year earlier, as a higher than expected 3.4 bln usd charge for US loan impairment was offset by revenue growth.
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