Unsecured Debt Unsecured debt most often presents itself in the form of credit cards, or other unsecured loans, such as payday loans. “Unsecured” means there’s no collateral to back up the loan or debt. Unsecured debt often has higher interest rates as a result. Building credit: With credit cards, as a general rule, you should [...]
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Lehman Brothers Moves Towards Insolvency
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14th Sep 2008 Has the Bubble Just burst? Is this the start of the predicted US/World economic collapse? Preparations are being made in case the US investment bank Lehman Brothers has to file for bankruptcy protection. The firm was pushed to the brink on Sunday after UK bank Barclays pulled out of talks to buy [...]
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