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NEW YORK -- Even before the recession hit full force, people who earn low and middle incomes were tapping credit cards to cover basic living expenses, medical costs and other necessities -- and driving up their balances in the process. The average ...
We were living paycheck to paycheck before this crisis and used our credit cards to "hold us over to the end of the month." Then when the month-end paychecks arrived, we would pay off the cards and go again, etc., etc. Now, the minimums are bigger ...
ROCKVILLE — Montgomery County officials said their planning director has given up his county credit card and has repaid expenses that auditors claim were wrongly charged. An internal audit found Rollin Stanley failed to provide adequate ...
Adjustable-rate mortgage (ARM): A mortgage loan with an interest rate that can change at any time, usually in response to the market or Treasury Bill rates. These types of loans usually start off with a lower interest rate comparable to a fixed-rate ...
Auto, home improvements, collections top list. The "2008 Consumer Complaint Survey Report" , a survey of 34 state, county, and city agencies from 19 states, said automobile issues ranked as the No. 1 top consumer complaint category in 2008. The ...
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