But the mayor says he still needs emergency credit to stay afloat, and he is sure Moratalla is not the only town in trouble.
That did not prevent the company from running itself into trouble in late 1999, and management had to scramble to find emergency credit facilities.
At that time, bankers were concerned that the United States was the last major country without a central bank which would provide emergency credit in times of financial crisis.
In July, European finance ministers proposed making the EFSF more flexible, allowing it to buy individual government bonds - which would bring down the cost of borrowing for heavily indebted nations - and to offer emergency credit lines to banks.
News the International Monetary Fund beefed up its emergency lines of credit was not a major factor in the market place, after an initial and short-lived flurry of price activity.
FORBES: Comex Gold Ends Higher On Bargain Hunting, Short Covering
MPs, it emerged that Northern Rock, a mortgage lender especially reliant on the money markets for its funding, would be granted an emergency line of credit by the central bank.
Pacific Lumber made an emergency loan and has since expanded its credit line to pay Scopac's interest again on Jan. 20.
Paying off credit card debt, building an emergency fund, and making sure you have adequate insurance coverage should also take priority.
They can also have stronger fraud protections, help you build credit, provide a source of emergency cash as a last resort, and offer rewards and perks like extended warranties and free rental car insurance.
FORBES: How to Avoid New Debit Card Fees (and Earn 4% Interest in Your Checking Account)
In this case, we took a series of emergency steps that saved millions of jobs, kept credit flowing, and provided working families extra money in their pocket.
WHITEHOUSE: The Country We Believe In: Improving America��s Fiscal Future | The White House
Moreover, the government already has the resources to provide emergency liquidity, and it could certainly negotiate lines of credit with private banks if it felt more backup was necessary.
Your emergency fund is the barrier between you and a slide into credit card debt.
Your best option is to spend within your means, only go into credit card debt as a last resort in a genuine emergency, and pay off the balance as quickly as possible.
In some Inland Revenue offices emergency measures had to be introduced to cope with the flow of tax credit claimants.
America's emergency tax rebate, voted this year to help people cope with the credit crunch, has in effect been taken right away again.
In an emergency, employees can apply for small affordable loans through partner banks and credit unions, with their job tenure acting as a de facto substitute for low (or no) credit.
FORBES: How Employers Can Run Predatory Lenders Out of Business (and Why They Should)
应用推荐