Defaults Down, Delinquencies Up

Credit cards companies in the United States say that during the month of October defaults on credit cards were down yet the news is not all good as delinquencies (late payments) were up. Earlier this year there was a drop in delinquencies that can be...

Rent Ratios And Buying vs. Renting

The real estate market has crashed in much of the country. The $8000.00 tax credit ends in just a few days on April 30, 2010. Of course, there may be advantages to buying a home now or there may be advantages to holding out...

Which Economies are Bound to Grow in the Current Financial Year?

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In 2019, the global economy has quite a lot of surprises to throw on! China which at one point of time used to be one of the biggest stories in the economic world has in recent times slowed down...

Car Shopping On Black Friday

The purported biggest shopping day of the year, Black Friday, must not be just for playing Santa?s helper (unless Santa is bringing a car in that sleigh!) but also a great day to get a good deal on a car. Rumor has it that there...

Not Just Sub-Prime, Foreclosures Hit Middle Class

Not surprisingly, the recession and housing crisis has not only affected the sub-prime borrowers, who probably shouldn't have been able to qualify to purchase homes in the first place but it has also affected the middle class. Unemployment, business failures and...

The Catch-22 Of Credit and Jobs

As we have reported here before, there are far too many employers looking at credit reports and rejecting good employees outright if they have a poor credit score. It?s the proverbial Catch-22. If you are unemployed, as more than 6.5 million Americans are right now...

Foreclosure Double Standard

Right now there are many people who are experiencing the fact that they owe more on their mortgages than their home is worth. Not only that but with the continued plunge of real estate prices they may not be able to recoup the...

The Case For A Financial Products Safety Commission

Right now Congress is avidly arguing the pros and cons of financial reform. While there are some political persuasions that decry regulations, in the wake of the current financial crisis ranging from the housing bubble to the current fiasco with Goldman Sachs, it is...