Risk Management Lowers Available Credit
November 19, 2008 | LA Times, personal finance | Comments (0)This story is becoming all too common. Credit card companies are looking at the numbers from Wall Street, the rising number of people without work and getting worried that people will begin to rely too heavily on the credit they’ve extended and be unable to pay it back. This applies even to good customers, ones that have been paying more than the minimum every month. The government isn’t the only entity that can limit credit options and with the policy actions we’ve seen against payday lending across the country, combined with more stringent requirements for long term loans and credit card companies reeling it in, consumers are going to find it more difficult to get credit when they need it most.
Inflation at highest level in 17 years
August 14, 2008 | Associated Press, customers | Comments (0)The AP reports :
Consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.
Now isn’t the time to be taking away consumers’ short-term credit options.
