“Sorry, we’re changing the agreement. You can now only borrow $10,000.”
Gas prices are through the roof, food prices aren’t far behind, jobless rolls are increasing, the mortgage mess is continuing, the housing market is still tanking, and the “R” word is on everyone’s lips.
Logic would dictate Americans would be tightening their belts in times like these. But, says the “The Early Show’s” resident financial adviser, Ray Martin, such logic would be wrong.
He said on the show Saturday that more and more of us are turning to our credit cards and home equity loans just to stay afloat. Read more
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