Mainstreet Will Feel the Hit

Most Americans may not feel the effects of crashing markets and waning financial systems, but it is coming. Those who are feeling it now are sub-prime borrowers, and those in the lower income bracket.

There are some effects you may feel soon; credit card companies are pulling in the reigns by increasing delinquency fees and by lower limits. Student loans are harder to obtain due to cuts in federal subsidies and many issuers have pulled out of this service.

Just because you haven't felt the credit crunch does not mean it's not coming your way.