CHESSNOID

During this severe recession, we experienced and extreme credit crunch that basically made all banks stop lending.  All credit was literally frozen.  That is one of the reasons why we bailed out the banks with taxpayer money.  The belief was that the banks could use this money to loosen credit up and get the flow [...]

We know the financial crisis this time around is extremely bad.  Economists say this is the worst recession since the Great Depression.  No one on Wall Street wants to take responsibility nor does any politician and lawmaker hold anyone accountable.
Ron Paul says this financial debacle was mostly the Federal Reserve’s  fault.  He is currently [...]

I have worked in collections for 20 years and though I don’t have internal reports to look at to determine why this is happening while unemployment has risen consistently for the last few quarters the answer is quite simple. Credit card companies allow collection accounts on the verge of being charged off to become [...]

You have good to perfect credit, a high FICO score, and you haven’t made any late payments to any creditor.  Why the surprise when you open your statement and your credit card company gives you an unwanted gift in the form of higher rates, higher minimum payments, lower credit limits, and of course higher fees?  [...]