The prime rate is always seen as the first approach to controlling a recession. Burst periods which accompany the end of a market boom can be controlled by reducing the prime rate. Up until now, the Federal Reserve has steadily reduced prime rates in a bid to reduce interest rates and stimulate consumer spending.

2 Comments | Categories: Banking, Credit Card Debt

Credit Card debt is one of those issues affecting millions of Americans today. With credit easily available, the lure of spending what we don’t earn is hardly resistible. A lot of individuals even live out rightly on their credit cards with no form of savings whatsoever.

2 Comments | Categories: Credit Card Debt