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Increasing numbers of college and university students are taking on record amounts of debt and then defaulting on their student loans, according to a report released this week by the Federal Reserve Bank of San Francisco. Nationally, 8.8 percent of students who were to begin repaying their loans in 2009 defaulted in 2010, the Fed [...]
The economic crisis is making consumers wary of taking on more debt, according to the latest figures from the Bank of England. The amount of consumer credit totalled £0.9 billion in October, the same as for the previous month, and only slightly higher than the six month average of £0.8 billion, suggesting that pressure on [...]
When applying for a credit card online or in person, it is important to read the fine print to understand all the stipulations involved. Although it may seem tedious to read through, examining the fine print will ensure that there are no unfortunate surprises in the future. When examining the details of your credit card [...]
GoldMoney founder James Turk interviews When Money Dies author Adam Fergusson, who discusses the parallels and differences between the Weimar inflation and the situation in the US and Europe today. Full Post…
Bank of England Governor, Mervyn King, believes Britain is in the midst of the “most serious financial crisis ever”. The Governor was speaking after the central bank’s Monetary Policy Committee (MPC) elected to keep interest rates on hold at the historically low level of 0.5%. Interest rates have now been at this low level since [...]