There is meltdown that is being felt all over the world. US is also feeling the pinch, it is said that US is also feeling the deepest recession since 1930. Everybody is stressed only with the thought of credit. There is cash flow problem along with the growing number of layout that is faced by the country. Each and every individual is stressed by the depressing value of the assets, increasing costs and are also faced by the constant fear of how they will pay of their bills. People are no longer paying by credit card as they are not sure whether they would be having cash at a later moment seeing the downward spiral of debt. Credit card can be a boon if they are responsibly used and can offer good pay back facility. The New York times have made a review of people using credit card and have concluded  [...] 

Have you read the news that President Barack Obama has met the executives from the banking arena at the white house to discuss about implication of stronger rules to be passed by congress? He has also demanded for complete transparency and clarity and also wishes to end the ‘abusive’ rates and fees especially those which are charged by TARP i.e. the trouble asset relief plan.  Ed Mierzwinski, the consumer program director of US PIRG, which is the federation of state public interest research group showed his excitement and stated that Obama was the new Sheriff of the town. On Capitol Hill, both the US House and Senate are trying their best to pass the consumer protection bills for protecting the rights and privileges of the customer. The main item on the agenda is to protect the credit  [...] 

You would agree with me that even though you earn the same basic pound but the purchasing power has drastically changed. In the earlier days it was cool to stay in a rented villa and still afford to visit different restaurants in the city that serve different delicacies and still pay lesser than your weekly shopping bills at Waitrose. The same is not true any more. It was just a few days back on our anniversary, when I planned a quiet dinner with my husband at the local town’s best restaurant very close to Carcassonne. We shared a bottle to wine to celebrate the evening and ordered for a few local specialty dishes. Do you believe how much did this evening cost us? A bill of  £125. It has become very difficult to enjoy a few basic luxurious in life.   Even if we decide to have steak and  [...]