Comments on: Consumer Debt – Why The Problem Is So Out Of Control http://www.bloggernews.net/116934 High-quality English language analysis and editorial writing on the news. Wed, 15 Feb 2012 16:27:53 +0000 http://wordpress.org/?v=2.3.3 By: teaffns http://www.bloggernews.net/116934#comment-475641 teaffns Thu, 14 Aug 2008 23:09:37 +0000 http://www.bloggernews.net/116934#comment-475641 Americans love to buy stuff! Schools are teaching nothing about finances, checkbooks, interests, credit cards, downpayment, equity, loans....and other things along the same lines. Americans should save and pay their credit cards off when due at the end of the month. If you spent too much the last month, spend less the next month. If you cannot put a downpayment on a house or a car....then don't buy it. This is what gets people "upside down" because they have no equity in it. Lastly....SAVE money and invest now. Do you really want to work when you are 70 years old? Credit card companies should work like this... A person has a credit card and uses it on most things. If a person pays it off every month...no problem. If a person cannot make the full payment within three months...then that credit card company deactivates the card where it cannot be used until it is paid off. Say that person gives up and just gets a different credit card. Well not so easy now, the credit card company then does a credit report on that person. This will force that person to payoff their credit card before getting another one. I would make it a federal law. Americans love to buy stuff! Schools are teaching nothing about finances, checkbooks, interests, credit cards, downpayment, equity, loans….and other things along the same lines.

Americans should save and pay their credit cards off when due at the end of the month. If you spent too much the last month, spend less the next month.

If you cannot put a downpayment on a house or a car….then don’t buy it. This is what gets people “upside down” because they have no equity in it.

Lastly….SAVE money and invest now. Do you really want to work when you are 70 years old?

Credit card companies should work like this…

A person has a credit card and uses it on most things. If a person pays it off every month…no problem. If a person cannot make the full payment within three months…then that credit card company deactivates the card where it cannot be used until it is paid off.

Say that person gives up and just gets a different credit card. Well not so easy now, the credit card company then does a credit report on that person. This will force that person to payoff their credit card before getting another one.

I would make it a federal law.

]]> By: Kevin Tipple http://www.bloggernews.net/116934#comment-436238 Kevin Tipple Mon, 28 Jul 2008 02:04:22 +0000 http://www.bloggernews.net/116934#comment-436238 I think it is interesting to note that the gameing stuff and the porn stuff both spiked way up in tracked sales about the same time the tax stimulus checks hit the public. Numbers of both have dropped in recent weeks while credit card debt continues to climb. While we used what little we got tax stimulus wise for gas and groceries it would appear that a lot of folks used it for escapism in one form or another. I think it is interesting to note that the gameing stuff and the porn stuff both spiked way up in tracked sales about the same time the tax stimulus checks hit the public. Numbers of both have dropped in recent weeks while credit card debt continues to climb.

While we used what little we got tax stimulus wise for gas and groceries it would appear that a lot of folks used it for escapism in one form or another.

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