That Carmen on CNBC makes me sick. If the people do not have the cash to pay the cards, their kids should get the money out of the banks and hide it under a mattress. Then they should let their parents walk away from the credit card debt. Any other advice is really scummy, especially under the circumstance of bank loan sharking.
Banks are loan sharking by borrowing at a very low rate from the government, and by raising, rather than lowering rates. Just because they cannot sell security paper in these cards to investors who have been scammed by the banks before does not mean that this is the fault of the borrower.
So, since the banks are legal loan sharks, they need to walk away from these bank loans!!!
Do any of you have an opinion about the advice given regarding these 80 year old folks in cc debt? Any brave souls want to post an opinion?
by sandra rinck 9 years ago
Let me start off with roolllff! Everytime I look at a bill I get sick, everytime I need to bust out a credit card just to make it to the next month I wanna puke. Trying to get along in a busting economy is making me sick. I do need advise, good advise in a couple of areas,...
by Clifford Beaver 6 years ago
What is the best way to pay off credit card debt?I don't personally have any major credit card debt, and the debt that I do have is under control. However, I know some people who have let their credit cards get out of hand and I'm sure there are people searching for ways to pay it off. So I ask...
by Rebecca Graf 8 years ago
What questions would you like to see answered about credit card debt?
by Word 3 years ago
What do you think is better to do if you were $100,000 in debt with credit cards and bills but thenyou either won it or received a $200,000.00 inheritance? Would you pay off the debt and bills or ignore them and enjoy spending the $200,000?
by Davinagirl3 7 years ago
My husband and I are looking to buy a house in the upcoming year. We have run into some trouble looking for a lender because our credit is, for lack of a better term, crap! I am looking for ideas on how to raise our scores. We pay our bills on time, so that isn't the...
by Gary Anderson 9 years ago
Consumers are being squeezed and the reason is that the cost of living is too high. Commodities, housing, insurance, utilities, medical care, etc are all too high based upon the small increase of wages over the past 20 years. I am not saying that people cannot live frugally, but I believe that the...
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