Tag Archives: credit crunch

The Credit Crunch Explained in Simple Terms

How consumers see the credit crunch: “I’m screwed.” How creditors and banks see the credit crunch: “We’re screwed.”

A Brilliant Article You Need to Read on Misguided Credit Card Lending

I just read an amazing article that everyone should read about the future and present of credit cards. If you have an interest in consumer debt issues you need to read “Credit Cards Are the Next Credit Crunch” While it is all brilliant, I think the following section is the most important. There are several [...]

Surviving With Less Credit

At ByDesign Financial Solutions, a debt-counseling service in Modesto, Calif., they’re working overtime these days. “Our call volume went up 97% in the past five weeks, which has left us scrambling,” says Martha Lucey, president of the nonprofit agency. “[The callers] are close to the max on their credit cards, and they just can’t figure [...]

Bad Economy Leads To Opportunity

It’s nice to see our friends in Scotland able to put a smile and optimism on an otherwise depressing economic time. Here is an article from Edinburgh. Nobody said it would be easy. As the threat of a deep and lengthy recession looms over the country like a soggy, grey cloud, we could all be [...]