Absolutely, right on!
Sadly, we'll be reading from some how the poor credit card companies are merely misunderstood, maliciously maligned, and their benevolent services are simply being abused by their deadbeat victims. Ha!
Owens tried for six years to pay off a $1,900 balance on her Discover card, sending the credit company a total of $3,492 in monthly payments from 1997 to 2003. Yet her balance grew to $5,564.28, even though, like Hosseini, she never used the card to buy anything more. Of that total, over-limit penalty fees alone were $1,158.
He's a life saver.
Amen.
The borrower is servant to the lender. period.
NO ONE forces someone to get a credit card (or ten) and open up lines of credit in your or jointly in your name.
At what point does someone think it's a "Good Idea" to buy and spend more money than they make/have ?? What dumb-ass really thinks "I don't have to pay for the items/services/vacations/clothes/cell phones/and ANYTHING else" that they "just had to have" ??
You don't Drown by falling in the water, you Drown by STAYING THERE.
Everyone of those people are where they are by there own "Bad Habit" of Using Credit Cards constantly, AND then not taking responsibility to pay there debt back. They are the last ones to pay there bills, but the first to file bankruptcy AND expect someone else to pick up the tab.
Agreed. Dave Ramsey bump!