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UNSECURED-DEBT

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AmEx Pays Some Cardholders $300 to Close Accounts
Source: Bloomberg.com

By Hugh Son Feb. 23 (Bloomberg) -- American Express Co., the largest U.S. credit-card company by purchases, is paying some cardholders $300 each to close accounts so the lender can reduce the risk of defaults as the recession deepens.

Prosper.com Loans: Not as Pretty Up Close

After reading a couple of articles in which Prosper.com has turned up ("The EBay of loans!"), I've been looking into how they might fit into my savings and investing practices. After digging into the specifics, however, I'm not so sure it's as good as it has been made to sound.

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