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Bad Credit

Posted Aug 24 2008 7:21pm 1 Comment

Do you have bad credit? If so, you are not the only one and there are lots of people and companies that want to take advantage of you. That is where a website like Bad Credit Offers comes in handy. It is the user's guide to bad credit. The site monitors the market and helps consumers sort through all the "bad credit" offers available to find the best product to fit their financial needs and circumstances. They rate the markets best bad credit loans whether it is a home loan, auto loan, or personal loan. They also compare bad credit credit cards for people with bad credit and credit counseling services that offer credit repair, debt settlement, and debt consolidation. So, if you have bad credit I suggest you check out Bad Credit Offers to make sure no one is taking advantage of your situation and that you are getting the right product for your needs.

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Well, if you're the kind of person that thinks credit cards are evil, then you might get some Schadenfreude out of what banking analysts and economists are predicting.  The next huge hit that banks are set to take is because of the plastic devils – the bulk of credit card funds lent are held by three huge banks, Bank of America, Citigroup, and JP Morgan Chase.  There's over $76 billion in outstanding debt, and all that easy credit they got their buddies at the Fed to create (from thin air) is now coming to bit them in the backside, and there's also been loosening restrictions on bankruptcies.  That's why the rates are rising and limits tightening on credit cards.
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