Economy and Business

We have good credit but after building our house and having to put a little money back into our small business, the credit card companies have raised several of our rates to 27% even though there's been no missed or late payments, making it nearly impossible to break out of the cycle.

I’ve cared about the national deficit pretty much since elementary school. I’ve always been a saver. I liked Clinton because he was able to get us a surplus. Then, of course, we went from surplus to deficits under Bush and after deficits I heard about additional tax cuts. And I understand the economics of things, but it really disappoints me that the government is taking out loans on our future to stimulate the economy. Read More >

A few years ago we had to start renting a house but have been waiting to buy our own house. The house we are renting is a rent with the option to buy. In October of 2007 we received letters from the county telling us that our rental house was in foreclosure. We pay the landlord every month on time. I contacted him he told me he had gotten a little behind but would catch up. As of today the house has not gone to auction. But it is still in the foreclosure process. Here is where I see a problem. A landlord can not pay the mortgage on a house, yet I am legally held to a contract with him to pay him. I never know if the mortgage is paid, or if tomorrow is the day I receive our eviction notice. I know this is small, but as I am going through this process I am learning I am not alone.