Wednesday, March 11, 2009

Credit Cards and Their Role in The Economic Crisis

In 1995 a historic event occurred that aroused little interest with popular media, yet the long term effects of this milestone have transformed our society. In 1995, for the first time ever, Americans starting paying for purchases with little plastic cards more then cash....

The Bankruptcy Epidemic

One cause for bankruptcy filings is less obvious than others. Home mortgages are a large and important sort of debt for most, but buying a home is not what causes bankruptcy. The main culprit is change....