There are plenty of numbers and figures published that are used as barometers for the state of the economy. One of the numbers is the percent of consumers who are behind on their mortgage payments but have credit card accounts that are current. When the number goes up it is taken as a sign that consumers … [Read more...]
How to Obtain a Loan, Even if You’ve Gone Bankrupt!
November 30, 2009 By Leave a Comment
With all of the things we need money for in life including homes, cars, and even home improvement projects, it is reasonable to expect you will need a loan sooner or later. … [Read more...]
US Stocks Drop As A Result of Devaluing CIT Shares
July 21, 2009 By Leave a Comment
As of Thursday, July 16, the stocks for CIT Group Inc. experienced a serious drop. This was precipitated by failed rescue discussions with the federal government. This event served to overshadow JPMorgan Chase's second-quarter results, which had fared better than estimates from Wall Street suggested. … [Read more...]
FDIC Awards GE Coverage For Up $139 Billion In Debt
December 24, 2008 By Leave a Comment
Last week representatives of the FDIC closed a deal to award General Electric Co.'s lending group GE Capital Corporation as much as $139 billion in insurance coverage for debt protection. This marks the second time in a month the finance company has sought aid from the federal government. … [Read more...]
Working With Good Debt
December 8, 2008 By Leave a Comment
As we go through life, we're all faced with important financial decisions. For better or worse, one of the ways in which our country operates economically is by means of credit, and it is with credit that we can find ourselves in debt. This isn't always a bad thing. In fact, it can be beneficial provided … [Read more...]
Credit Cards Can Pile On Debt
August 22, 2008 By Leave a Comment
More Americans are in debt now than they ever have been in history. The record amount of credit card debt in the nation has reached close to $1 trillion dollars, and the citizens of the country are finding it difficult to try and manage what they owe to so many institutions. … [Read more...]