Friday, January 25, 2008

What to Expect on US Credit Market?

Everyone is concerned about credit crisis and stock market fall in the USA. The Federal Reserve announced about the prime rate reduction. Well, it is good news, on the one hand. Now debtors will have an opportunity to start paying their debt and save some money on interest charges.

But on the other hand, if banks cut interest rates they are sure to raise fees. It is bad news. But we, plain consumers, can do nothing but wait what will happen next.

You can read the article What Are We to Expect on the cRedit card Market and you will learn what experts think about this crisis.


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