Alot of people have
taken financial hits during the recession, and credit card churning and app parties are just not an option.
Not exact matches
This makes sense given two factors: one is the
hit household formation
took during the
financial crisis.
But so many folks have
taken hits on their credit reports
during these troubled
financial times.
International stocks have performed very well in the past, but they also
took a much harder
hit during the
financial crisis (thinking about China for instance).
Despite
taking a big
hit during the housing crisis, Citibank still thrives today offering different
financial products and services.
In addition to the potential credit
hit,
taking on new debt
during the loan process can seriously affect your debt - to - income ratio and other
financial guidelines.
Because managers Dan Fuss and Kathleen Gaffney typically own a large helping of high - yield, or junk, bonds (those rated double - B or lower), as well as bonds from developing nations, the fund
took a
hit when investors bailed out of anything smacking of risk
during the
financial crisis and rushed into Treasuries.