BusinessWeek says Amazon is buying a stake in "Bill Me Later" a firm that offers open lines of credit to customers so they can shop without using a credit card.

The deal should be final by the first quarter of 2008. Anyone used "Bill Me Later"?

Stores are violating their contract with the credit card companies if they set minimum or maximum charges, or force you to show ID in addition to your credit card (with the obvious exception being for age-limited purchases). Depending on your state and your card issuer, surcharges or "convenience fees" may be banned as well. The best way to straighten these guys out is to report them to the credit card company. Here's an interesting fact in You may be entitled to a cash prize if you had a Visa, MasterCard, or Diner's Club Cards during any time between February 1 1996 and November 8 2006. A successful class action lawsuit contended that credit card companies overcharged customers for foreign transactions and didn't disclose the fees well enough. You can apply for a straight $25 refund, 1% of estimated foreign transactions, or annual estimation refund of 1-3% of foreign transactions for which you have records . Claim your moneys by filling out forms that were mailed to you, going to The ongoing subprime meltdown is merely the first destructive wave of credit catastrophe to wash over Wall Street, according to Slate's resident explainer. Americans drunkenly bandy credit around in several forms: mortgages are the most prevalent loans turning sour, but credit card debt, student loans, and auto loans are silently conspiring to threaten our macroeconomic well-being.

Other types of consumer debt, which have nothing to do w