Saving More But Earning Less

The current recession seems to be transformed the formerly spendthrift ideology of Americans into savers.? Yes, American's are now saving money in larger amounts than at any time in recent memory and the United States is now becoming a nation of savers. Unfortunately, the interest...

Bringing Back The Past With Lay-away Plans

Back in the day, shoppers used to use special plans at the stores in order to purchase things like back-to-school items and Christmas presents. It was called a ?lay-a-way? system or a ?Christmas Club? program. The merchandise would remain at the store...

Cashin’ In On The Homebuyers Tax Credit

You may have heard the news that the homebuyers tax credit that was meant to help stimulate the economy has been extended and now it will not only include just the new home buyers but also current homeowners looking to trade up. For a complete...

7 Things you must Know about GST

GST
The goods and service tax is basically an indirect tax or a consumption tax which was imposed on the supply of goods and services in India. It came into effect from July 1, 2017. Replacing the multiple existing flowing...

Credit Card and Mortage Delinquencies to Decline?

In a sign of possible economic recovery, TransUnion, the credit-reporting bureau, is predicting lower credit card and mortgage delinquencies. This is attributable to tighter lending standards for new loans and credit along with the attrition of the older, poorer loans. However, ...

Boosting Credit May Be Key To Economic Recovery

Banks are still taking a cautious stance when it comes to lending, however, many small businesses need to be able to borrow money in order to expand, which would be beneficial for the new economy. October seen an even larger pullback of lending from the...

Real Estate Recovery Being Held Hostage By Credit Scores

Nearly a third of all Americans are unable to secure a mortgage in these challenging times. According to the real estate website, Zillow, people with credit scores below 620 were unable to secure mortgage financing even when they had a solid source of...

Eating Credit

Of course, the politicians have it all figured out. The current economic recession, that is. The Democrats know that it was the greedy Wall Street bankers, Goldman Sachs in particular. And the Republicans know that it was the government?s fault, meaning Fannie Mae and Freddie Mac. The...