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One of the great misperceptions about credit card debt is that the cards themselves are bad. The truth is, they’re really not. Rather, it’s the effect of double-digit interest rates that make them so toxic to our personal finances.

Aegon to book $573M in charges for bad credit, cites exposure to AIG, WaMu and Lehman (Minneapolis-St. Paul Star Tribune)
AMSTERDAM, Netherlands - The insurer Aegon NV said Thursday it will book 420 million euros ($573 million) in charges on bad bonds and other credit assets in the third quarter.

Raise your credit score by triple digits in just weeks (ABC 15 Phoenix)
Chris Reinhard admits to not doing as good a job as he should keeping tabs on his credit score. “We never monitored it,” says Reinhard. When he did finally check, Reinhard’s credit score was 648. Not bad, but not great either.

Rell Asks Banks To Help Create Loan Pool For Businesses (Hartford Courant)
With Wall Street suffering huge blows and the credit crisis spreading across the nation, Gov. M. Jodi Rell met with the leaders of 48 Connecticut banks Thursday to unveil a five-point plan to make it easier for small businesses here to obtain loans.

BadCreditOffers.com Publishes Comparison of Bad Credit Credit Cards (Centre Daily Times)
With the credit market tightening and more Americans than ever affected by a bad credit history, the web’s leading resource for bad credit now offers an indepth comparison of more than a dozen credit card offers available to those with bad credit.

Wachovia extends $50M credit to Tekelec (BizJournals)
Tekelec has shaken off bad credit markets and boosted its ability to raise cash by securing a $50 million line of credit from Wachovia Corp. Morrisville-based Tekelec (NASDAQ:TKLC) supplies equipment and services to the telecom industry. It landed the financing this month, according to a recent filing with the Securities and Exchange Commission. (TKLC) (WFC) (C) (WB)