Comments on: Why YOU Must Understand Your Credit and Debt

By: billy-bob

billy-bob — Sat, 29 Aug 2009 01:39:55 +0000

With a bought-and-paid-for Congress, one wonders whether predatory finance will ever be regulated.

By: RobBennett

RobBennett — Fri, 28 Aug 2009 18:52:03 +0000

We cannot solve the credit-card abuse problem without solving the underlying morality problem that permits the credit-credit abuse problem to exist? What sort of people are we? That's the obvious question being put on the table here.

The people who run these credit card companies live in communities. What do the people they associate with think about this sort of thing? Do they speak up? If not, why not?

If we deal with the symptom and not the underlying problem, the problem just comes to evidence itself in some other form.

Rob

By: billy-bob

billy-bob — Fri, 28 Aug 2009 18:39:55 +0000

With a bought-and-paid-for Congress, one wonders whether predatory finance will ever be regulated.

By: RobBennett

RobBennett — Fri, 28 Aug 2009 11:52:03 +0000

By: rmark

rmark — Fri, 28 Aug 2009 10:11:20 +0000

Buy the book 'The Wealthy Barber' by David Chilton – easiest starter to personal finance there is.

By: Rick Francis

Rick Francis — Wed, 26 Aug 2009 19:28:47 +0000

It's a good point every time you look at a CC statement you should think about the finance charges and for a mortgage look at the interest payment. That way you know the cost for using that credit. Once you are aware of these costs you can look for ways to minimize them. I wish I had calculated the interest rate I needed to make refinancing worthwhile as soon as I got my mortgage… if I did I could have saved thousands of dollars in interest by refinancing several years ago.