Friday, September 4, 2009

Freedom from Credit Card Debt

There are tens of millions of Americans who live free from the burden of credit card debt and there is absolutely no reason you can’t be one of them. If you still feel like you need, or want, more information after finishing each step, we recommend that you check out our credit card debt family of articles and resources for even more great content that can help set you free from the burden of financial stress.
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre19.shtm

What do you think were some of the contributing factors of credit card debt? How has this affected the nation?

5 comments:

  1. There are so many of thing after you find out your credit card debt. Such as, cut down the spending, talk to the boss ask for increasing the payment or find a new job to keep the discretionary income. If you want to cut down the spending, the factors should consider about what are needs and wants. If one person decided not to buy the one thing, say that is a cup of coffee, that is about $2.00, but the whole nation not buy the coffee, the coffee company would lost about 600 million. That is just one thing be traded off. Image there would be 10s of things like that, and the single price would like $100 ,$1,000 or $10,100. So it is very serious that everyone's decision, it would be highly affected the nation.

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  2. The contributing factors of credit cards is that people are not thinking about tomorrow. Most of us,we love to spend, but we don't know that later on in life we will pay back the same amount and another 50% of the money you borrowed. If your not disciplined enough to create a workable budget and stick to it, always remember that you can find help if you really want to credit card to be workable.

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  3. Obama talked to students to motivate them and not to drop uot of school bacause he said that "they are the furure for Americans. "You can't drop out of school and just drop into a good job," Obama said. "You've got to work for it and train for it and learn for it." and the veter way is to stay inrowl at school

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  4. Mostly we are not think when we swipe our credit or debit card because we like to enjoy our life. But at some point you got humangious bill at your home and than you can not even pay your bill. That is the main reason why we have to know about credit and debit card. The most important to use is Cash because that causes no problem after words. Some times people don't carry cash than the best thing they can do was use credit card only and only if they are sure that if they can pay their debt.

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  5. Jay, that this good idea, then in your point if view, what kind of system should be changed to? And do you really think of that would be helping the econ. give out some ideas.

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