Wednesday, October 19, 2011

Mortgage, Credit Cards : Debts, Debts, Debts

One of the growing concerns about the economy of the United States in the world is a problem for the credit crisis. The term "credit crunch" is used to describe a period of time characterized by a sudden increase in the cost of borrowing and/or a sudden drop in the availability of credit and loans. The credit crisis was born in the U.S. subprime market, or adverse markets as money had been mortgaged by customers or borrowers who could not keep up with the payments. When the credit crisis is affecting every aspect of economic life, many people have to think twice about where and when they go on vacation. More Here...

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