Ride Out the Storm With Good Credit
Financial experts are speculating that tightening credit and the volatile stock market will make it increasingly difficult for businesses to borrow money. But what effect will it all have on much smaller entities -- namely, you?
The main consequence is that the current credit crunch can make it harder for ordinary people to buy a home or refinance the one they own, particularly for those with shaky financial histories. But several industry analysts said the impact won't always be felt directly.
As a financial quake ripples across Wall Street, financial institutions and experts are rushing to buttress the economy. As consumers who use credit cards, want mortages or car loans, the aftershocks will no doubt rattle how we use money and credit.