Frugal Blog

Money Magazine says, “A recent report from the Federal Reserve shows that 15 percent of U.S. banks began tightening credit standards at the end of 2006 - the most since the early 1990s.” Read Getting The Best Loan to learn how to overcome this problem. Also see my article, How Much Is A Ton of Interest?

In the Smart Money article The Coming Credit Card Crunch is the following argument: “THE SUBPRIME-MORTGAGE crisis has cost millions of homeowners their homes. Now it threatens to put the squeeze on even more consumers by spilling into the credit-card market”. See also my article Credit Cards Dirty Little Secrets