Clearing Up the Credit Crisis
For the last several months, I have been talking with a number of consultants, industry experts, legislators, regulatory agencies and members of Congress about the current credit crisis. With the hope of providing you with a better understanding of the crisis, how it’s progressing, how it could affect you and resources that are available to those that need assistance, I am starting a series of posts.
The focus of these posts will be to identify what the root problem(s) are, the symptoms which may or may not be part of the root issues, and ideas for positive long-term solutions. So far, I’ve found that those willing to discuss the crisis are more focused on ‘assigning responsibility (to others)’ than on addressing the issues and looking for solutions. As with any crisis, resources need to be pooled from all areas and people will have to work together to establish positive lasting results.
Due to the far-reaching effects and consequences of the credit crisis, the series of posts will appear here and on www.protectyourgoodcredit.com.
October 28th, 2007 at 9:16 pm
One way to get around predatory lending by credit card companies and banks is to use microfinance.
Prosper.com is an example.
Hmmm…will this comment be allowed?