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CHRISTMAS is expensive at the best of times so if you can’t afford to pay for the festivities out of your salary or savings and plan to use a credit card, now is the time to hunt down the right deal. “If you need to get a new card in time to do ...
Read moreWall Street's problems have captured the attention of Congress, the White House and the media. But on the country's Main Streets, worried workers, struggling small business owners and cash-strapped families are wondering if anyone is paying attention ...
Read moreOur current financial crisis is a case study in ripple effects. A lot of bad mortgage loans, bad loans between organizations, bad evaluations by ratings agencies and bad oversight by government collectively toppled big Wall Street firms. This caused ...
Read moreTHE CREDIT CRISIS AND THE DEEPENING RECESSION have dealt a double blow to American Express , which has long been viewed as one of the globe's leading financial companies, due to its enviable card business and consistently high returns. AmEx shares ...
Read moreThe credit crisis has its roots in mortgage lending, but it has spilled over into revolving credit as well, writes Mike Fisher, executive vice president of Alterian. Credit card issuers need to evaluate their marketing campaigns to take advantage of ...
Read moreWith credit card companies clamping down on spending limits, experts expect more shoppers to cut back. Through years of easy credit, buy now and pay later became the mantra of the American consumer. Now, with recession-shocked consumers fearful of ...
Read moreU.S. Secretary of Treasury Henry Paulson. "I don't think providing more leverage to consumers is best for our economy in the long-term," says Adam Lerrick, who is a visiting scholar the conservative-leaning Washington-based think tank American ...
Read more• Use credit cards. You can earn reward points. And if you pay the balance each month, there is no interest charge. • Go layaway. A few retailers -- such as TJ Maxx, Burlington Coat Factory, Kmart and Mori Luggage -- still offer layaways. "This ...
Read moreCHICAGO – If you plan on waiting out the housing downturn, intending to buy a home when the coast is clear, you better start checking your credit reports. Some surprises may waiting for you. Credit card companies are reducing limits on some ...
Read moreA lawyer recently told me about a classified ad his firm placed to fill a vacancy for a $13-an-hour job. The position was for a runner, someone who files paperwork with clerks of courts, delivers documents or handles whatever needs doing. To the ...
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