Americans now owe $902.2 billion in car loans, up 10 percent from last year. However, most Americans also repaying their car loans on time.
Payday loans from banks pose huge problems for poor consumers – and the banks themselves. The federal government has finally stepped in with new guidelines for payday loans.
The practiced confidence of oil and gas industry executives, captive Wall Street analysts and fake think tank academics has convinced the public that there is nothing to worry about when it comes to America's energy future, Cobb writes. But, the realities of our energy situation suggest that we should have little confidence in such pronouncements, especially given their self-interested nature.
Many consumers are stuck constantly taking out payday loans. Hamm suggests borrowing less, swallowing pride and putting aside cash for emergencies to break the cycle.