thedozer

Moody's Sees Stress on Credit Card Industry Through 2009

Usually I wouldn't endorse the thought of a party defaulting on an obligation. But the unsecured debt world is full of misleading dirtbags preying on the addicted spender.

When Paulson starts using my money to bailout these guys (as he will) for something that is by definition 'unsecured'; I will officially blow my lid!

Back in my days of debt, I was personally screwed by Chase via interest rate hike despite 4 years of timely payments on a 0% card....

The reasoning... "my balance was high relative to my limit" ... yeah...
according to who??? Chase... With NO criteria as to how the word "high" was defined. For the record, the bill was decreasing each month as I payed...

My lesson learned... NO MORE DEBT! EVER... save & pay $

wow.... what a proverb... maybe ALL of us should adhere to this mantra.

Credit Card Defaults Are Just Beginning

curbs...
you said "irresponsible types with credit cards" hilarious!

why won't anyone in politics admit this utopian lifestyle we've... sorry, they've been living is OVER

What is wrong with buying a used 4k car? is the world going to end?

I saw something on a 'business' channel speaking about people not affording 'brand new' cars due to the lack of financing!!!

hint... if you make cars... and you need someone to finance you buyer
hmmm... finance them yourself!

if you can't... STOP MAKING CARS!

I was reading last night, that Herbert Hoover ordered 48 of the 50 states to 'dramatically increase it's number of public projects to maintain employment numbers"

sound a little like obama's recent call for "investing in infrastructure"...
yeah.... there may be a little 'depression' right around the corner