A report released on Tuesday by Standard & Poor’s shows that consumer credit lines showed drops in defaults in the month of May. Bank card loan defaultsdropped from 9.1 to 8.9 percent. First and second mortgages dropped from 7.2 to 3.4 percent and 2.9 to 2.4 percent, respectively. And defaults on auto loans dropped to 1.8 percent, lightening 10 basis points.

The report notes that the reason we’re seeing a decline in defaults is because consumers are making a concerted effort to bring down their debt levels after struggling through the financial crisis. (Market Watch)

I just wanted to preface this review by saying right off the bat that Charlie’s book is inspiring, well worth the read and the best part is that it’s absolutely free. In fact, at the end of this article, I will post a download link where you can download Charlie’s book immediately. Charlie also runs a blog called Charlie Hoehn’s Musings that you should check out as well.

These past few years have been tough for most people. The economy has been in the dumps and many of you have lost your jobs. Judging

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Two UK energy firms are being quizzed and investigated by regulators over differences in prices in different parts of the country, according to recent reports. Questions are being asked over why the energy providers are charging a particular price in one part of the country and a different price in another part of the country.

Amongst the discrepancies that appear to have been picked up is the fact that the price that the companies are charging in areas where they need to compete more is different to the price being charged in other areas.

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British companies should look east for the most profitable business opportunities, HSBC has claimed.

Research by HSBC Commercial Banking found 14% of UK companies recognised the importance of eastern consumers in developing lucrative business opportunities.

If British businesses are to compete in the global marketplace, they must take note of this “fundamental and fast paced change” said Noel Quinn, group general manager for HSBC Commercial Banking.

“The UK is no longer looking at when West meets East, but at how the East will redefine the West and the way we do business,” Quinn said.

He added: “Asia and the Middle East have become the brightest prospects on the global landscape.”

In related news, HSBC saw export balances increase 45% in the past 12 months, demonstrating the potential for international business growth.

If you have been searching for a home loan and have not found much luck, the problem may be where you are looking. In fact, whether the issue is bad credit, unemployment, or bankruptcy, there are several alternatives to home loans or mortgages that may suit your particular financial situation.

Rent to own: If financing is a problem for you, the first option to consider is rent-to-own. On the surface, a rent-to-own system of financing may seem as though you’re not getting much value. For one, you would still pay rental prices. Un

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