What in the world is a credit recession?

by Sam Glover on June 5, 2008

Apparently it is the reduced availability of credit. Think of it as the natural consequence of the overabundance of credit that tanked our economy in the first place. And it may last for a couple of years.

Consider this a good reason to move your finances to a cash model.

Experts: ‘Credit recession’ could last two years | MSNBC (Thanks, Chris!)

If you are in Minnesota, contact The Glover Law Firm, LLC, for a free case evaluation. In any other state, you can find a consumer rights lawyer using the National Association of Consumer Advocates lawyer database.

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