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Bank Crisis and Your Credit Score

  2. decarson
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Something that we're not taught in our government-run, liberal indoctrination facilities (translation: public school) is the proper use of credit. Banks and credit card companies love this idea because it enables them to fleece the people of all the money they have and then claim that it's all part of the game. It's legal theft.

It's a situation compounded right now by the housing market being down and oil being artificially inflated due to speculators exploiting loopholes in the securities and exchange regulations. Then the problem is further exacerbated by liberals who want Congress to bail out the morons who don't bother to read the terms of their credit card agreements which are designed to exploit the ignorance of the public and rake in huge profits for the companies that issue those cards.

Having a credit card doesn't make you rich -- it makes you vulnerable. The best way to get out of credit card debt is to put the cards away and pay them off. Don't go taking out home equity loans -- you'll be sorry you did. Adjust your lifestyle so you can pay down those cards. You'll save money in the long run and you won't get phone calls from creditors berating you for missing a payment. Plus you just might get a good night's sleep again.
decarson

1 response // Bank Crisis and Your Credit Score

  • Absolutely!!!

    Here's my article on the subject.

    http://citybrokers.blogspot.com/2006/02/how-credit-work...


    PAY ATTENTION. This is NOT rocket science. The bottom line is this:

    "IF you cannot pay your ENTIRE credit card bill at the end of EVERY month, you are LIVING ABOVE YOUR MEANS."

    "Credit is NOT an extension of your income; it is a TEMPORARY DELAY in paying the bill."

    Y'know all those beautiful, slick credit card company ads you see on TV and in print? YAH. If you carry a balance month to month on your card, YOU are paying for those ads but you do NOT have imput into ad content. Now how dumb is that!!???

    I am a credit specialist. If you need advice, ask me. I will help you - meaning I will tell you exactly what you need to do to get out of debt. If you follow my advice, congratulations, you're very, very smart. If you don't, well,....
    WriterWriter

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