Today's Economy is made up of us consumers. It is us consumers who is the life line to the economy, controlled by our leaders. Leaders voted in by us, to do the job we hire and pay them to do. All too often, we are convinced what they say is true and have hopes for a better financial future . Controlling today's economy starts with our spending, personal wants and desires. Our willingness to work for what we have not what we can borrow.
Past Credit Card "Greatness" Is A Thing Of The Past.
Solid communication and honest lending has long been admired and respected by many banks and consumers alike. With The economy troubles we face today, do not toss the Junk mail as it may be you're current credit card company increasing your rate:
GET BACK ON TRACK TODAY! 1-877-DEBT-303 (CLICK HERE)
Story by Liz Pullman:
The notice would have been easy to dismiss as junk mail, since Bank of America's name wasn't on the envelope. But former banker LaShana Jefferson of Portsmouth, Va., recognized the return address as a Bank of America processing center, so she took the time to open the letter.
Inside, she found a notice that the 8.79% interest rate on her credit card was about to soar to 24.99%.
"I've never paid late. I haven't opened any new accounts or made any big purchases," said Jefferson, who used to be a project manager in Bank of America's government-cards division and says her credit scores are in the mid-700s. "There's nothing adverse that would explain this."
Understanding the credit card industry, there is clear explanation to this.
Had Mrs. Jefferson not been educated to the return address information, this would have been tossed out as junk mail. The interest rate increased, and payments missed. Now the bank starts to make "BANK" on the consumer. Kinda slick, but real dishonest, and may not even fall under the rules of the original card holder agreement.
John J. Sweeney
AFL-CIO President
February 2003
Our economy is in big trouble and millions of American families are hurting. Job loss and unemployment is at an all-time high. Unfortunately, neither President Bush nor Congress has done anything to respond to the employment crisis. In fact, since the Bush inauguration, America has lost 1.5 million jobs. Compounding the employment crisis, more Americans are losing health care coverage and states are struggling to fill record budget gaps. We need to jump start our economy to help working families who are bearing the brunt of the economic crisis. Now is the time for President Bush and Congress to do the right thing and put workers and their families first.
President Bush's economic plan does not help the average American family, but instead favors the very wealthiest Americans. The centerpiece of Bush's plan will be an end to taxes on dividends. Taxpayers with incomes in excess of $300,000—the top 1 percent—would benefit from the tax cut by as much as $7,000. On average, workers with incomes below $50,000 would receive a tax credit of only $76 or less. So when the president says he expects "class warfare" from those who oppose his proposals to give breaks to the very wealthiest taxpayers, he apparently is hoping to deflect attention from the true beneficiaries of his plan. Under the guise of stimulating the economy, President Bush is once again trying to pass off another tax break for the rich, while more than 1 million Americans are jobless, cannot afford health care and have lost their unemployment insurance benefits.
MERCED, Calif. — An overflow crowd piled into the Merced Civic Center, spilling out of the main auditorium, into the halls and down the stairs.
Some brought babies, others elderly parents. Everyone brought their paperwork — the sum of their financial lives and wreckage of their American Dream.
A foreclosure prevention fair on a brilliant Saturday afternoon was the place of choice for more than 200 people in Merced, a city of 65,000 best known as the gateway to Yosemite National Park.
The fair kicked off a series of events planned in March, or what local politicians have dubbed "Foreclosure Prevention Month," around the northern San Joaquin Valley as well as cities from Florida to Chicago and places west. The world's most fertile farm region, the San Joaquin Valley includes three metro areas — Stockton, Modesto and Merced — with some of the highest foreclosure rates in the nation.
"Clearly we've got a crisis," said Democratic Rep. Dennis Cardoza, whose district includes much of the Valley. "You look around this auditorium and think this is America, hardworking family people who go to church on Sunday and want good schools for their kids."
Customers searching for ways to fight high gas and food prices are doing some trimming of their own — in tips.
"Even the regulars are cutting back," stylist Joanna Anderson said. "Usually they are apologetic and say they wish they could give more. But they just can't right now."
Many workers depend on tips for a substantial part of their income, and those hairdressers, bartenders, cab drivers and food servers have been among the first to be hit hard by the slowing economy, experts say.
Those workers are feeling a pinch because talk of a recession has consumers putting the brakes on extra expenses.
If you have over 10,000.00 in unsecured debt and make only the minimum payments to pay off the debt, and are waiting to win the lottery doing both will take about the same amount of time.
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