The economy recession that America is trying to overcome at the moment triggered credit and banking crisis, the loss of equity in housing, dropped corporate earnings. All this quite predictably causes mass layoffs in several industries. Even the most seem to be “recession proof” sectors have to cut significant amounts of the positions.
Auto and airline industries were the first to feel the consequences of the crisis after the inflation in fuel and other energy costs. But nearly no industry managed to walk away from the recession. Daimler Chrysler, Pepsi, Coca-Cola, Phillips, Supervalu, Starbucks, Yahoo, General Electric, Xerox, Bank of America, Citigroup, numerous airlines – a short list of corporations that have to lay off their workers.
The current unemployment rate has … (more) October 27, 2008

Posted in Credit Card General, Debt Consolidation 1 Comment »

Your credit report is the most important source of information about your financial standing, creditworthiness, and your spending habits. Your credit report is what lenders check in the first place when making a decision whether to give you a loan or not. You should constantly keep track of your report and every little change on it. It is not that credit bureaus are not trustworthy enough.
The thing is that you can find out inaccuracies on your credit file one fine day. This can be the result of a simple human mistake. You can also be mixed with another person that has a similar name. In case you discover some kind of negative information in your report that is not factual, … (more) October 10, 2008

Posted in Report and Score Comments Off