Consumers tend to rack up a lot of credit card debt during the fourth quarter, largely due to holiday expenses. This year, by one estimate, the average holiday shopper is on track to spend around $800. For many, that means financing, which remains a double-edged sword despite historically low interest rates and an array of new consumer protections. It can either save you a lot of money in interest and fees or trip you up with caveats buried in fine print that drastically inflate your expenses. Here are three of the best and three of the worst financing offers for holiday shoppers in 2012:
Against a backdrop of sluggish economic growth, rising wealth inequality, and high unemployment, cooperative businesses are telling an unexpected story of stability, growth, and value. They could do even more good if they received greater political and public support.
When earthquake experts are sentenced for bad predictions and lenders accused of bad calls on mortgages, society needs a reminder that individuals are responsible for their actions.