Reality is Changing for Americans
If you are a regular reader, you are well aware that one of the foremost suggestions we have made is to get your financial house in order. Again, while some have suggested that every household have 3, 6, or 8 months of income safely tucked away in a savings account, I have strongly suggested that [...]
We Have Not Seen the Worst of It Yet: Credit Card Debt
This is an interesting piece I found in the New York Times. Click the link for the full article. Here are a few excerpts. Please note this “email” is written by a banker.
As a banker, let me describe what we do wrong when we accept and review an application for a credit card. First, we [...]
Beware: Credit Card Debt and the New Economy
Today the government plans to announce backing for credit card issuers, hoping to make credit easier for all of us. In other words, we may begin seeing a few offers for credit cards coming in the mail soon. We don’t expect to see the weekly deluge we saw over the past few years, but it [...]
