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 'Economic Crisis'
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
Recession-Driven Employee Benefit Cuts: Temporary or Permanent?
April 16th, 2009 · No Comments · Consumer Debt
This question is certainly on the forefront of many American’s minds as we struggle collectively through the current economic crisis. While having stable employment “period” is certainly the most critical achievement for most folks today, many companies are eliminating and reducing the benefits they offer their employees, such as cutting bonuses, pensions, 401(k) plans, or [...]
Tags: benefits cuts·company cost-cutting·Economic Crisis·employee benefit cuts·harris poll results·recession·salary reductions
Why Dogs Bite People
October 13th, 2008 · 2 Comments · Banking, Consumer Debt
I opened my email today and had one with that titillating subject line, amongst a sea of titles such as “How Bad Will it Get” (from the Motley Fool); “CEO’s Message Regarding Recent Market Events” (from miscellaneous financial accounts I hold) and of course the weekly “Your Personal Rental Reminder” from Blockbuster. I didn’t have [...]
Tags: Economic Crisis·economic news·economy·financial crisis·housing crisis
House passes Credit Card Reform Act
September 25th, 2008 · 1 Comment · Credit Cards
On Tuesday, September 23, the House passed the Credit Card Reform Act, which we’ve been following here in this blog. This is great news! The bad news? Congress is totally tied up with the economic bail out, so the Senate may ignore this bill. Let’s hope not. As we [...]
Tags: Banking·Credit card·Economic Crisis·FTC·House of Representitives·Reform Act·Senate
