Credit Crisis: Do You Understand It?
The CREDIT CRUNCH started in America with mortgages sold to those who could not afford them. These were low start mortgages which are virtually banned in United Kingdom. They were mis-sold in large numbers to people with both good and bad credit rating. People were persuaded to go well beyond their means to cope with the payment schedules. Mortgage costs went up after the initial period. As a consequence, most of the buyers could not afford the increased rate & defaulted in large numbers
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: 28/11/08 22:53
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Credit & Debt Consolidation : Increase Credit Rating
Increasing credit rating takes an understanding of how credit works. Learn how to increase credit ratings from a registered financial consultant (RFC) in this free personal finance video.
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: 1 min
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: 11/10/08 18:37
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Finance & Investment Tips : What Is Annual Percentage Rate?
An annual percentage rate is the rate of interest credit card companies and financial lenders charge on loans to make money. Understand how annual percentage rates or APR's work, like the higher an APR the longer it can take to pay off a loan or credit card, with advice from a registered financial consultant in this free video on finance and investment.
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: 1 min
17
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: 16/11/08 22:07
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Understanding Your Credit Score
http://www.debtopedia.com - Learn what your credit score really means and what you can do to improve it if you're having trouble getting a loan or other credit.
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Time
: 3 min
35
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: 17/06/08 00:38
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