consumer debt: Credit Market Update - Consumer Tips - 12/07/09 02:34 AM
Why do we continue to hear that credit markets are tight?
Because they are, and will continue to be that way.
The nation is going retro by lowering consumer debt, and adding to savings accounts. It is a big step toward personal economic recovery. Living within our means, or even a bit below, is how the U.S.A became the World Power that it is.
As more people are able follow this path, there will be less need for credit, and the supply of credit will level off with the demand. An individual's best control over the credit market is their personal … (0 comments)