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To: NautiNurse
a large portion of the increase in debt was involuntary -- that 44 percent are going further into debt knowing in advance they won't be able to pay when the bills come in

Simple, they realize that by making only minimum payments that the interest accrued is more than the minimum payment is worth ?

20 posted on 03/10/2003 2:11:45 PM PST by Centurion2000 (Take charge of your destiny, or someone else will)
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To: Centurion2000
they realize that by making only minimum payments

My simple reply: Either pay more than the minimum payment, or return the merchandise that you couldn't afford in the first place. Nothing in this scenario is involuntary. Is is a matter of self discipline.

33 posted on 03/10/2003 3:30:32 PM PST by NautiNurse (Usama bin Laden has produced more tapes than Steely Dan)
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