Today’s words: Consumer credit, high interest rates, credit card, line of credit, auto loans, payday loans, revolving credit. This is part of my economics power training for you! Learn ESL Economics with Phil. I will get your economics language training at full strength with my special lesson…

I will be teacing English in Spain this fall andI heard that student loan debt can be waived if the recipient has taught English abroad. I don’t know if it’s true, but if it is, I want to know what to do.

My own translation of a Paris By Night performance, no copyright infringement intended. The translation is not 100% literal as songs tend to use metaphors and imagery that would be lost if taken word for word. Nevertheless, I’ve tried to keep the meaning as close to the original as possible using my limited knowledge of [...]

I heard the market is experiencing one of the worst dowfalls in years. That homeowners are not able to afford their houses anymore.
I know that happened because lenders gave out money to less than qualified borrowers.
But how is that somebody buys a house today and agrees to pay X amount of money [...]