Credit card debt is something that most Americans live with and the current credit crisis has had an effect on the amount of credit available to consumers. As credit freezes, less capital is available to these credit card companies to lend. Unfortunately, money flow has been slow due to the mortgage crisis and many have been slow to pay their payments. Defaults on credit cards are happening daily as many struggle to stay afloat with mounting job losses and lack of overall funds. As unemployment increases, so do defaults of every kind, resulting in car repossessions and home foreclosures. A recent bill has been passed in Congress that will protect consumers from any unreasonable practices perpetrated by credit companies. (more…)

In this tough economic landscape, we have to rely on honesty and integrity to see it through. It has been a difficult path to walk, but we must remain focused and know that things will start to get better as time progresses. With mounting job losses, it is sometimes very difficult to make ends meet and the challenges we face head on everyday can be truly daunting. There are many people who are just barely able to satisfy their financial responsibilities; those who work hard and long hours sometimes barely get by on their salaries. Hopefully, as the economy starts to rebound, life will get better for all of us. (more…)

When it comes to the term ‘depression’, there is still argument going on about whether the term applies to our current economic situation. While semantics are a fun way to debate away the time, the fact is that whatever you call it, the economy is in crisis and if this is not a depression, one is certainly a possibility. (more…)

While it was slowly brewing for many years, the economic crisis has finally become a national talking point. For many months, people tried to say that there was an economic crisis and were being shut down and told that the situation was under control. With those days gone and billion dollar bailouts being developed to help keep the economy afloat, it is time to start wondering where every job stands. While many people are able to keep their jobs, there is a great deal of worry about what will happen to our current salaries. (more…)