The U.S. courts expect 740,000 Americans will declare personal bankruptcy this year. The Consumer Bankers Association projects a million belly-flops. Either way, you'll be affected, reports Changing Times, the Kiplinger magazine.

Suffering from the bad-debt epidemic, lenders are turning cautious. To restore their profit margins, they'll keep credit card charges and personal loan rates high, despite the drop in rates they are paying to get their money.