The never-ending string of worrisome headlines coming out of Europe place one country after another in the spotlights. This week it’s Spain, last week it was Italy — and weeks before that, Greece and Portugal. Read on to learn how the debt levels of European nations have changed from 2000 to 2010.
Most of us know that the U.S. AAA credit rating was downgraded earlier this year. But do you know which countries are still a part of the coveted AAA-rating club? Read on to learn why these countries are still at the top of the credit heap.
The Great Recession is now history — much as its recently-announced end took us by surprise. At 18 months, from December 2007 through June 2009, it is the longest since World War 2. And arguably, one that has changed us — our spending and saving habits, our career prospects, our view of homeownership and “the American Dream” — for good.
Living beyond your means is a sure way to guarantee financial ruin. Today, millions are dealing with the fallout from artificially-inflated real estate values and accessible, unsecured credit. For those recently (or still) in this situation, a number of temporary solutions were once readily available – refinancing, taking out home equity lines, taking on additional credit cards – but, these quick fixes all had one thing in common: they only delayed the inevitable. But it’s one thing for an individual to act irresponsibly, and quite another for an entire state.
For too many, credit cards are considered a necessary evil. We understand. It’s far too easy to fall prey to the temptation to buy things you can’t afford. So if you’ve made your deal with the devil and are now feeling consumed by the flames of credit card debt hell, consider this infographic to be a long, tall glass of water. See how you can get down to a manageable number of credit cards, transfer your balances to a lower-interest card, eliminate finance charges, settle debt, and improve your credit score, and (with a bit of discipline) reach credit card nirvana.
When used wisely, credit cards can be the cornerstone of a sound financial strategy. A solid credit history makes you a good credit risk and that in turn allows you to purchase the necessities of life. But credit cards can also be a slippery slope. One misstep and you’ll tumble into the abyss of credit card debt hell, a mounting spiral of missed payments, fees, high APRs, and rate increases that will take years to recover from. Only by remaining vigilant can you hope to avoid this fate. Here’s our guide to what you may experience on the way down.
As the credit crisis winds toward its inevitable conclusion, the number of customers unable to pay off their credit card is swelling. And credit card companies, facing the very real possibility of customers defaulting entirely, are now willing to come to a settlement for substantially less than the amount owed. With the credit card companies ready to deal, here’s what you need to know to get your own personal bailout.
Credit or debit? – an important question for those trying to come out ahead in recessionary times. The answer can be a little complicated. It depends on a few things, namely, your spending habits, your ability to pay your bills on time, and the total dollar amount that you pay with debit and credit. These are the variables that you can control. Unfortunately, they’re not the only ones.