Comments on: The Next Bubble Is On The Way: Credit Card Debt http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/ As The Media Watches The World, We Watch The Media Fri, 09 Jan 2009 03:36:22 +0000 http://wordpress.org/?v=2.0.5 by: cynthia nottingham http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-23849 Sat, 22 Nov 2008 20:57:21 +0000 http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-23849 Most it seems in the USA buy into the need to be better than the "Jone's." This attitude I feel may be at the root of consumer over extending their own means. We could try to teach our children that having the biggest and the best is not necessarily the best way to live. Instead we may serve them better to teach paying for things in cash that they earned. It is hard to do if everyone else is lavishing their peers. I am guilty and have the debt to live with. Credit card companies would have no one to pander to if no one used the evil things! Most it seems in the USA buy into the need to be better than the “Jone’s.” This attitude I feel may be at the root of consumer over extending their own means. We could try to teach our children that having the biggest and the best is not necessarily the best way to live. Instead we may serve them better to teach paying for things in cash that they earned. It is hard to do if everyone else is lavishing their peers. I am guilty and have the debt to live with. Credit card companies would have no one to pander to if no one used the evil things!

]]> by: David Simonds http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-22740 Tue, 02 Sep 2008 08:13:45 +0000 http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-22740 Hi, I greatly enjoyed looking through your blog and found an informative one for finance related topics.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community and become link partners to each other which will help your blog/site in getting more Google values.If you are interested then please contact me at- davidsimonds007(at)gmail.com Thanks, David Hi,

I greatly enjoyed looking through your blog and found an informative one for finance related topics.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community and become link partners to each other which will help your blog/site in getting more Google values.If you are interested then please contact me at- davidsimonds007(at)gmail.com

Thanks,
David

]]> by: Dave Kisor http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-22206 Sun, 24 Aug 2008 22:10:13 +0000 http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-22206 Stop buying everything on credit. If you must spend credit, first determine how many payment you can make in the shortest time and stick to that plan as it's the minimum payment that kills. Once it builds up, they've got you and they know it. If it goes to collection, they'll sell your debt to a credit collector for 5 cents on the dollar to someone who lives to squeeze you to death. The money will eventually come out of your bank account anyway, so why not use an ATM card when you can afford what you're buying in a single payment to eliminate using a credit card? Could you imagine the effect if a large number of credit card holders didn't buy anything on credit for a week? Those credit companies would be sucking wind! You'd still have to pay off existing bills, but not to buy anything new would make them most uncomfortable. They'd try to sucker you back in with lower rates and then they'd go right back up again. Stop buying everything on credit. If you must spend credit, first determine how many payment you can make in the shortest time and stick to that plan as it’s the minimum payment that kills. Once it builds up, they’ve got you and they know it. If it goes to collection, they’ll sell your debt to a credit collector for 5 cents on the dollar to someone who lives to squeeze you to death.

The money will eventually come out of your bank account anyway, so why not use an ATM card when you can afford what you’re buying in a single payment to eliminate using a credit card?

Could you imagine the effect if a large number of credit card holders didn’t buy anything on credit for a week? Those credit companies would be sucking wind! You’d still have to pay off existing bills, but not to buy anything new would make them most uncomfortable. They’d try to sucker you back in with lower rates and then they’d go right back up again.

]]> by: Linda J http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-21742 Mon, 11 Aug 2008 23:17:47 +0000 http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-21742 Obama knows whereof he speaks on warning kids about credit card debt. Didn't he vote against limiting credit card interest rates to 30% during his first year in the Senate? He wanted them to have unlimited interest? Kind of ironic he's warning people about them now. Obama knows whereof he speaks on warning kids about credit card debt. Didn’t he vote against limiting credit card interest rates to 30% during his first year in the Senate? He wanted them to have unlimited interest? Kind of ironic he’s warning people about them now.

]]> by: del http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-21738 Mon, 11 Aug 2008 21:11:30 +0000 http://www.mediachannel.org/wordpress/2008/08/11/the-next-bubble-is-on-the-way-credit-card-debt/#comment-21738 I see it this way. The self appointed elite in this nation have always maintained the goal of financial slavery of the poor and middle class. It is about the power. Money buys that power. If they can't buy it here they will buy it in Chindia. We have the same power right now to simply say NO to Credit. Yes ! Lets bring down the house full of trust fund babies and rip off artists. The power is in the hands of the citizens. Protect your neighbors from foreclosure and lets protect each other from hunger. We must hang together in this resistance or we will hang individually. Let people form unions of resistance to the financial empire. We already paid more for it than it is worth. I see it this way. The self appointed elite in this nation have always maintained the goal of financial
slavery of the poor and middle class. It is about the power. Money buys that power. If they can’t buy it here they will buy it in Chindia. We have the same power right now to simply say NO to Credit. Yes ! Lets bring down the house full of trust fund babies and rip off artists. The power is in the hands of the citizens.
Protect your neighbors from foreclosure and lets protect each other from hunger. We must hang together in this resistance or we will hang individually. Let people form unions of resistance to the financial empire. We already paid more for it than it is worth.

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