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Cash advances are not a new concept in America’s brand of capitalism. Many people have seen the commercials with some guy barking out, “Bad credit, no credit, no problem!” Or, “Don’t worry about credit, I own the bank!”

Cutting Credit Card Debt (WSIL 3 Southern Illinois)
FRANKLIN COUNTY– Wall Street has crumbled this week because of a continuing crisis in the credit market. And, some of us are dealing with bad credit of our own.

Russia approves loan plan to ease credit crunch (International Herald Tribune)
Parliament on Friday passed a law allowing the Central Bank to make unsecured loans to commercial banks, continuing their anti-crisis strategy.

Cut Credit Card Bills By Negotiating A Lower APR (Investopedia)
One of the great misperceptions about credit card debt is that the cards themselves are bad. The truth is, they’re really not. Rather, it’s the effect of double-digit interest rates that make them so toxic to our personal finances.

Global Credit Still In Deep Freeze (CBS News)
Governments around the world have slashed interest rates and ramped up their lending, but banks are still charging each other extremely high borrowing rates - a bad sign for the credit markets that remain close to paralysis.

Russia approves loan plan to ease credit crunch (International Herald Tribune)
Parliament passed a law unlocking Central Bank lending to private banks in a $36 billion bailout, continuing a strategy that has relied on making government oil profits available to banks.