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Bad Credit Loans Offer a Practical Solution as the Credit Crisis Continues to Hurt Consumers   As credit and finance turmoil continues far beyond the timeframe that most economists predicted, Bad Credit Loans from www.loansbadcredit.org.uk offer consumers an immediate and practical solution.

State probes Fossil Butte Drive mortgage-fraud allegations  Belinda Gardner thought it was too good to be true when a mortgage broker offered to pay her $20,000 if she would buy a new house on Fossil Butte Drive in northeast Colorado Springs and promise to live in it, even though she had no intention of moving.

Loan firm leaders say credit crisis worst to come  The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,” said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.” First Financial Network, based in Oklahoma City, is the nation's ...

Chatzky: Raiding the 401(k) is an unwise move  With people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401k, or 403b, is one way to get quick cash, but in most situations it is a bad idea.

Ex-mortgage broker gets 30 months in high-profile fraud scheme  A federal judge Thursday sentenced a former mortgage broker to 30 months in federal prison for his role in a high-profile fraud scheme.

Fed moves to ease credit crisis  The Federal Reserve announced late Sunday several steps to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.

Fed wades into credit mess with broad plan  WASHINGTON — The Federal Reserve announced several steps late Sunday to cope with the worst credit crisis in decades, including broadening the types of assets that investment banks can put up to get emergency loans from the Fed.

Ex-mortgage broker draws 30 months in prison in KC fraud scheme  A federal judge sentenced a former mortgage broker today to 30 months in federal prison for his role in a high-profile fraud scheme.

Arcandor Declines to 16-Year Low on Supplier Credit (Update1)  Sept. 15 -- Arcandor AG , owner of Germany's largest department-store chain, fell to the lowest in at least 16 years in Frankfurt trading on a report that credit insurer Euler Hermes AG capped credit guarantees for its suppliers.

Fed eases access to emergency credit   The Federal Reserve has announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.