With employment problems and a struggling economy to deal with, more and more American consumers are seeing their credit cards as their last life line. Unfortunately, as credit debt problems continue and credit companies try to secure their future profitability when the credit card bill comes into play, credit is drying up at an alarming rate.
Equifax, a company specializing on providing credit data to credit companies and similar companies recently released data showing that access to...
While the Senate is currently rolling out its Credit CARD (Credit Card Accountability, Responsibility and Disclosure) Act, an act designed to protect private credit cardholders from unfair and deceptive practices of the credit card industry, a new sector is beginning to buckle beneath the burden of excessive debts – students.
The continuing crisis has touched all sectors of American economy. Credit companies, looking to gain some ground against losses to defaulted loans and other financial...
As the economic crisis continues and banks continue to search for ways to turn a profit, it seems that they are beginning to turn their eyes towards small businesses. This comes as the Senate prepares to pass the Credit CARD Act.
Small business enterprises are just one of the many sectors of society that has been adversely affected by the economic crisis which is still affecting the nation today. Lending companies, themselves in dire financial straits, have had to cut lines of credit for...