What I don't understand is how credit decline can be falling, tax receipts in states can be falling, yet spending remains flat? I would like someone to look into those numbers because they must be manipulated. It doesn't all seem to add up.
I have advocated baby boomers walking away from their credit cards. Apparently they are walking away in DROVES. It is nice to see that the younger folks who moved in with their parents, are clean credit wise, while their parents are sacrificing for them and for the good of the country. Anything that hurts the biggest banks is good for the country.
Credit Card Catastrophe: Congress Can't Help [View article]
The loan sharking usurious bankers have gone too far. I am telling people to walk away if they can pull it off and if they can survive without a good credit score. That makes me a non financial advisor. It is my opinion only and a hope that people will spank the banks here and become free of them any way they can, and not go for easy money any more!
Consumer Credit Decline Continues [View article]
The Credit Card Burden [View article]
Credit Card Catastrophe: Congress Can't Help [View article]