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Follow Friday: Weekly Web Roundup (4/28/11)

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followfriday_gerngesehen_ccFlickrIt’s our most sensational roundup yet! This week we bring you stories with shocking statistics, crazy crimes and magical purchases. As always, if you enjoy any of our favorites, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.

Belief in Magical Change Fuels Credit Card Abuse
A new study shows that people who have credit card debt are more likely to believe that buying products will improve or transform their lives. When these transformations do not occur, the consumer will often buy more things in search of different change and can lead to overextension. @LiveScience

A Dozen Shocking Personal Finance Statistics
Everything from education and earnings to brown bagging your lunch is covered on this list of surprising figures. Check out this list to find out which common money beliefs hold true—and which ones do not. @EconomyWatch

The Craziest Credit Card Crimes
Can you imagine receiving a condescending gift, charged to your credit card, from the person defrauding you? Would you believe a millionaire would swipe your card and use it to buy pizza? Just when you thought it couldn’t get any crazier out there, MSN Money brings you several stories that prove you wrong! @MSNMoney

Study Finds Overdarft Protection Still Confuses Consumers
The Center for Responsible Lending says that consumers who do choose to opt in to overdraft protection are often misguided by industry advertising. While regulations now allow consumers to choose if they want overdraft protection, the CRL says there needs to be even stronger guidelines to mitigate confusion. @MainStreet

Forget Frugality: Focus on Earning More
Ramit Sethi at NYT Bucks Blog has an interesting take on personal finance. His thought is that focusing more on earning and less on cutting back will motivate people to have more of what they want. Since this plan may come at the expense of personal time, readers must decide what is most valuable to them. @NYTimes

Image: gerngesehen, via Flickr.com

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