US eases loan repayment terms for homeowners (Guardian Unlimited)
Hundreds of thousands of American homeowners are to make lower mortgage repayments under a sweeping programme of loan renegotiations brokered by the US government to slow down the rate of property repossessions. Treasury officials yesterday announced a programme restricting repayments to 38% of household income for many borrowers. The arrangement will involve loans packaged by the mortgage ...

Don't Quake Over Credit Shocks (Investopedia)
A credit shock occurs when you have a swift reduction in the availability of loans (credit) or a sharp increase in the costs of getting new loans from banks.

St. Louis moves to limit payday loan stores (St. Louis Post-Dispatch)
ST. LOUIS — While the nation's money meltdown has made it difficult for even dependable borrowers to get credit, fast cash continues to be just a short walk away in some neighborhoods.

Credit crisis hurts microfinance programs in South Asia (International Herald Tribune)
The programs, which extend credit to small businesses often started by women, are highly dependent on steady credit and are now suffering major disruptions.

Don't Quake Over Credit Shocks (Investopedia via Yahoo! Finance)
These shocks cycle through history. Find out what you need to know to avoid the alarm bells.