raising4daughters

Bad Mortgages Are Only the Beginning

To, Superannuated SkiBum, lowering the interest rate on credit cards won't solve the problem; that will make matters worse.

Credit cards are for REVOLVING CREDIT.....short term loans that are paid off completely in or less than 30-days. Anyone that maintains a balance on a credit card can't afford what they bought and should not have made the purchase(s) in the first place.

This crisis will be solved when Americans restrain their purchasing habits to those of their grandparents.