Credit Policy for businesses and how to extend credit and manage credit risk

Housing is at its worst point ever since at least 1970, the U.S. has suffered recessions only twice in the past quarter century and this one could be worse.

People with bad credit are definitely suffering, and people with good credit continue to have trouble getting loans.  With the sub prime mortgage mess, heavy debt loads, much of it credit cards with high interest rates, high energy and high food prices combined with businesses closing and job losses, there is little consumer spending, causing the economy to falter.

In the 70’s the recession did not include higher food and energy costs, causing this recession to be even worse.  People who can keep their jobs will have to put their money into paying off debt and just basic living expenses, nothing extra.  With the proposed plan by President Bush to “refund some consumers” money, he has yet to lay down the criteria of just “who” will receive this money.