With the credit crunch going on, there doesn’t seem to be much good news regarding people and their credit cards. Many people burned by the credit markets are afraid to buy anything on credit. The savings rate by the American people is the highest in 20 years. Despite the alarming news, there [...]
Entries Tagged as 'Credit Crunch'
Should I Ditch My Credit Cards?
November 4th, 2009 · No Comments · Credit Cards
Tags: credit account·Credit Cards·Credit Crunch·Credit Score·Economic Crisis·emergencies·FICO·FICO scoring model·home equity·Mortgages·savings rate
Bad Credit + Hunger + Unemployment = Recession
May 15th, 2009 · No Comments · Consumer Debt
The blog title sounds like a simple mathematical problem, but the solution is much more complicated. Thanks to technology and the digital age, it is easier than ever to see the big picture and visualize how each of these factors associated with the recession are impacting different parts of our country.
Let’s start with credit. It [...]
Tags: Bureau of Labor Statistics·Credit Crunch·Feeding America·Foreclosures·Hunger Map·recession·Unemployment
700 Billion Bucks at Stake in “Bailout Billiards”
September 29th, 2008 · No Comments · Banking, Consumer Debt
Remember those tounge-twisters we loved as kids? Say this a few times quickly: “buku billion bucks buys bad bank books in bailout billiards”. Or perhaps a more appropriate gaming analogy is the Treasury Department going “all-in” in a $700 billion Texas Hold ‘Em poker bet. All kidding aside, either way, it’s a scary proposition for [...]
Tags: $700 billion bill·bailout·bailout bill·Credit Crunch·financial crisis·government bailout·housing crisis·wall street bailout
Credit Crunch Timeline: How Did We Get Here?
September 2nd, 2008 · 2 Comments · Banking, Consumer Debt, Mortgages, Real Estate
A question that most certainly been addressed by many, and no doubt will continue as a hot topic for longer than we’d like. But it warrants repeat as so many of us did not heed the signs… just a quick synopsis of events leading us to our current fate, beginning in 2004:
Years of home price [...]
Tags: credit crisis·Credit Crunch·home value decline·housing crisis·mortgage crisis·real estate decline·subprime meltdown·tighter lending standards
