If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
More banks fail in US and Europe 29 September 2008
Another US bank failed on the weekend while a UK bank looks set to be nationalised by the British government. A Belgian bank also appears to be in real trouble. JP Morgan Chase took over the deposits and some other assets of Washington Mutual (once a top 10 US bank) from the Federal Deposit Insurance Corp on Thursday night, US time. Bradford & Bingley, now looks certain to be nationalised by Britain's government in the next 24 hours. The government and Financial Services Authority are orchestrating the sale of B&B's deposit book and branch network to another bank. The loan book appears likely to remain in government hands, according to the Financial Times. Fortis, which appears likely to enjoy an explicit guarantee from the Belgian government on deposits is seeking to raise €5 billion to maintain capital ratios. Reuters and other media are reporting that BNP Paribas and ING are among likely buyers for this tottering national champion.
