Archive for April, 2016

Rising Interest Rates

By Linda Leitz - Last updated: Monday, April 18, 2016

For the first time in nine years, the Federal Reserve Bank – the Fed – raised the rate charged to banks when they borrow money. This increase has been anticipated for quite a while and the predictions of how much the increase would be were accurate. Pundits disagree on the effectiveness of the Fed having […]

Last Resort Loans

By Linda Leitz - Last updated: Thursday, April 7, 2016

In general, consumers have savings and credit cards they can use for emergencies as well as for occasions like buying holiday gifts. But some people either don’t know about these resources or don’t have them available. These people, who often are the least able to meet expenses and incur large outlays, are the most likely […]