More American workers sue employers for overtime pay

Americans were pushed to their limit in the recession and its aftermath as they worked longer hours, often for the same or less pay, after businesses laid off almost 9 million employees.

Now, many are striking back in court. Since the height of the recession in 2008, more workers across the nation have been suing employers under federal and state wage-and-hour laws. The number of lawsuits filed last year was up 32% vs. 2008, an increase that some experts partly attribute to a post-downturn austerity that pervaded the American workplace and artificially inflated U.S. productivity.

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S&P: U.S. Downgrade Increased Downgrade Risks For Other Entities

NEW YORK - Standard & Poor's downgrade of the U.S. sovereign credit rating last month increased downgrade risks for other global entities, including banks, the ratings agency said Thursday.

An article published by S&P's Global Fixed Income Research unit said the number of companies at risk of having their credit rating cut had risen by 14 to 465 as of Aug. 24.

The total remains below the peak of 1,028 in April 2009, S&P said, adding that some sectors were more stable than they have been historically. Banking, though, was among the sectors at risk, the agency said.

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How to Get a Home Improvement Loan with Bad Credit

If you have plans to improve or renovate your home, acquiring a loan can be just what you need to get started.  If you have good credit rating, you should have no problem finding a personal loan deal with affordable interest rate and flexible repayment terms.  But what if you have bad credit?  Does this mean you cannot get a home improvement loan?

The good news is that you can find lending companies that offer special loan programs for customers with bad credit history or low credit score.  However, there are some things you should remember when looking for a bad credit home improvement loan:

• Check your credit report.
• Consider a home equity loan.
• Get a co-signer.
• Compare bad credit loan deals.
• Think about repayment.
• Negotiate for a lower rate.

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Reminders in Borrowing a Secured Loan

As the term suggests, a secured loan is a form of financing that is guaranteed by the submission of collateral.  The collateral can be a home or other valuable asset that matches the value of the loan.  By pledging collateral, the lender is given assurance that in case the borrower defaults payments, an available resource can be used to pay the remaining debts.

Are you planning to apply for a secured loan or bad credit loan any time soon?  If yes, listed below are important reminders you should not forget:

• Know the risks. 
• Negotiate for a better term.
• Read the fine print. 
• Never be late.

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