Bad Credit Forum- Re: Best Way To Pay Down Debt and Raise Credit ScoreAlso be sure to check your credit report for errors. They really do happen. I had 2 entries for one credit card, for example, which made it look like I had more outstanding credit than I did. I disputed it, and it was quickly fixed. […]
- Re: Best Way To Pay Down Debt and Raise Credit ScoreThere is a decent article on credit card payoff strategies: http://www.over50web.net/finance/save-money-finance/credit-card-payoff-strategies/ The comments actually give some good information. Basically, you should pick a stategy that works well for you. That said, I do believe that paying off cards that are close to their limits will have a quicker impact o […]
- Re: Renting With Poor CreditAbsolutely, your best bet is to long for somebody who needs a room mate in their own home - if you need very cheap rent, there are older people who need some help around the house or transportation - and they may be willing to give you a big break on rent (or even free rent) in exchange for some services. Of course, you have to be responsible and do what you […]
- Re: Best Way To Pay Down Debt and Raise Credit Score
Category Archives: US Financials
The Great American Middle Class Squeeze
Is The US Middle Class Shrinking?
It is tough to determine if the middle class is shrinking. Why? Because it really is not clear what the US midde class actually is! You may be able to get some idea from this article: What Is Considered US Middle Class?
The notion about a shrinking American middle class is controversial because the term is not well defined. Or it may be well defined, but there is no agreement about what it means. But, according the the US Censue Bureau, a household income between $25,000 and $75,000 represents the middle distributions of American incomes. During the last 20 years, the number of households in that range shrank by almost 4%.
Is the Recession Over – Small Business Owners Answer!
The Recession Near the End of 2009
Here in November of 2009, we are seeing some good news as the stock market seems to be staking a shaky upwards trend. But is the recession over? Is that the only sign we should look at? What about the jobless rate which has also been spiking up. Stock owners may be letting out a sigh of relief, but what about people who cannot find jobs?
Small Business Survey
MerchantCircle, a social network for small business owners, decided to survey membership to see what those people thought. And remember, small business owners – not big corporations – create 2/3 of American jobs!
Who Did the Bailout Help ?
So Who Won with the US Government Bailout?
Of course, this has been written about before, both by me and pleny of other writers who are a lot more famous (or should be). But the Obama US government bailout got discussed a lot in the very early days. Not enough time had passed to make any of the objective, backward looking comments that are always easier (and more accurate) than predictions.
Posted in US Financials
Tagged bailout, banks, Credit, interest rates, obama, recession, savings
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Americans Wallets are Shrinking
Americans Net Worth Dropped 1.33 Trillion in 1Q
If you have felt like your wallet was shrinking over the last several months, at least you can have some comfort because you are not alone. In fact, the US Federal Reserve reported that US assets strunk over a trillion dollars in the first quarter of this year. The net worth loss was largely caused by shrinking home values and portfolios, though, so if things ever climb back up, we may regain some of this without doing much except holding on.
Spending is Conservative Too
How High Can The US Jobless Rate Go?
The US Economy Lost Half a Million Jobs Last Month
Now I’m watching CNN, and they are reporting that most economists feared that the number would go up to over 700,000, and so half a million lost jobs was actually good news. The unemployment rate is now 7.2 percent. In fact, we have lost the most jobs since the time after world war two when the companies were cutting back from the war years.
So just how bad can this streak of layoffs get, and when will it get better? Some economists are predicting a 9 or 10 percent unemployment rate since the end of the end of the year. Hopefully, they are being over pessimistic again
