Reality Check – Credit is Used for More than Just Loans
Cut credit cards from your budget
Put food down on credit cards
The titles of articles such as these are clever, intriguing and seemingly sensible, so why do I have a problem with financial experts (even if he or she is nationally recognized) who preach total abstinence from credit cards across the board?
At a class I taught this past week for individuals going through bankruptcy, I fielded a question that touches upon this very subject. A couple attending the class had been pushed into bankruptcy for several reasons, some of which were somewhat out of their control and others which were within their control. To get a grip on those issues within their control, they had decided to pay $100 to take a financial education course at their church. The creator of these classes preaches life without credit cards. Continue reading “Reality Check – Credit is Used for More than Just Loans” »
Government Debt Bailout? Not so Fast!
There is no Government Debt Bailout when it comes to consumer credit card debt! There are many ads from various Debt Settlement and other companies that mention to take advantage of such debt bailout programs by calling their number.
Remember that it wasn’t too long ago that the Government released its warning about the debt settlement industry…take a look at this past blog post warning of debt settlement: Continue reading “Government Debt Bailout? Not so Fast!” »