Credit Cards Newest Area of Potential Problems for Banks
Banks and credit cards
Banks have suffered through the recession with huge mortgage industry defaults, but a new fear that credit cards will do the same is looming. Ken Lewis, Bank of America CEO, stated he believes that despite the government’s $700 billion rescue program, it will be “an awful year” [...]
Banks Ready to Absorb Defaulting Credit Cards Next
The banking industry
Banks are bracing for their next big hit—defaulting credit cards. The mortgage world has taken its toll on the banks. Bank of America CEO Ken Lewis already warned Congress that despite the billion-dollar bailout, banks will have an “awful year” because of the credit card industry.
Of almost $76 [...]
Treasury Unveils “Stress Test” For Banks
Obama reveals the secret formula
At what point will the government step in and take control of failing banks? That’s a question that a lot of Americans have been wondering about lately, and all we’ve known up to this point is that President Obama has made reference to a “stress test” [...]
How to Use the Fast Cash Advance of Obama’s Mortgage Plan
Fast cash advance for endangered families
President Obama’s plan to revamp the mortgage industry and save families – including the octuplet mom and her kids – from foreclosure is now in full gear, like a fast cash advance for the afflicted. As part of the package, mortgage lenders like Citigroup and [...]
Banks Halt Foreclosures | No Instant Payday Loans for Mortgages
Don’t grab that payday loan so fast
Homeowners considering getting instant payday loans to cover their mortgage so they don’t get evicted might be able to hold off.
Moratorium on foreclosures
Payday loans are great for keeping your credit in good standing if you use them to make mortgage payments on time. However, [...]
Payday Loans and other things keep you accountable
Rules should apply to everyone
Image via Wikipedia
Accountability is a burden that has to be shouldered by every responsible adult, whether it is handling your finances well through payday loans or keeping up with your budget. You also have to be accountable in the workplace. If you don’t discharge your duties [...]
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