DEBT ADVISER

Columbia Daily Tribune - Columbia,MO,USA

She told us that the credit-card company won’t accept monthly payments of $100 and are going to foreclose on her house if she doesn’t pay the full amount. ...

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http://columbiatribune.com/2007/Apr/20070416Busi009.asp

Credit card can rescue 11th-hour tax filers

Ashland City Times - Ashland City,TN,USA

Under federal bankruptcy reform laws passed in 2005, debt incurred from paying taxes using credit cards can't be eliminated in Chapter 13 or 7, ...

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http://www.ashlandcitytimes.com/apps/pbcs.dll/article?AID=/20070416/BUSINESS01/704160322/1291/MTCN01

Credit Card Debt: Symptom of Sick Housing Market

theTrumpet.com - Edmond,OK,USA

Once you get trapped in credit card debt, it can become a never-ending cycle of penalties, late charges, fees, and sky-high interest rates. ...

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http://www.thetrumpet.com/index.php?page=article&id=3109

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Here lies my card from Bank of A,
Which left my life this very day.
She lies quite still no more to rise
And yet no tear shall wet my eyes.

She once seduced me with her wiles
And promises of airline miles.
She spoke of life without restraint.
I did not offer one complaint.

With her nearby I traipsed all over
Going through money like fields of clover
Each want fulfilled, every desire.
And thus my balance climbed higher and higher.

Until my life filled up with stress
As I gazed upon the mess
With all this junk I did not need
And bills which did my pay exceed.

I said, “Enough!! I want no more.”
And tried to show her out the door.
'Spite push and shove and shove and push,
I could not budge her great, big…ahem.

It's not that she had things to prove
Just that she'd grown too big to move.
A friend suggests, “Starvation diet.”
And so I set about to try it.

I locked her up, no more to roam.
When I went out, I left her home.
I did not cave to every whim,
I worked quite hard my costs to trim.

Bit by bit I did progress.
Slowly, surely owed less and less.
And then last month, seeing the end,
I took her out and tried again

To push her out that very door
She'd been too large to pass before.
She begged and pleaded for reprieve.
She sought forgiveness, urged me believe

The recent past was not the norm.
She would behave. She would reform.
But I had had enough of debt.
On her sincerity I dared not bet.

I would not feed her any more.
She must, I said, be shown the door.
From that day on, the end came quick.
She'd grown quite slim, who'd once been thick.

And then this morning, cut to the core,
I noticed that she was no more.
The balance erstwhile had grown at will,
This morning t'was zero. Nothing. Nil.

I must admit we'd had some fun,
But now I'm glad our days are done.
Tho' fun it was to spend and spend,
I'd realized those days must end.

And now I'd reached that very goal.
My card could rest her troubled soul.
Wreak no more havoc in my life.
Cause no more worries, no more strife.

And so, old friend, I bid adieu.
I'll never have more need of you.
So long, goodbye. For I can tell
My fortune's changed. So fare thee well.

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This article is for educational and reference material only. If you are not familiar with the Grace Commission Report ....now would be a good time to read it. Though not directly linked to Credit Card Debt, it is linked to the Banking Industry and their hold on the economy.
You might pay close attention to the section that stated..
With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.

A Report To The President -Vol. 1"

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There is very little about the Credit Card Industry that is on the up and up. So I am not surprised to read that the late fees they charge on credit card debt may not be legal.

Credit Card Late Fees May Be Illegal.... The Bullshit Observer

Fifteen years ago, credit cards were largely a means to defer payment of something. A treat. A splurge. Now they are a must have for anyone who wants to shop online or sign up for any internet-based services like Netflix. According to Harper's Index, we have 12.7 credit cards per household now. CNN Money says we have closer to 20 per household. As a society, we are spending $1.01 for every $1.00 we earn. The average household had close to $10,000 in expensive credit card debt in 2004. They kinda own our asses now, don't they?

Click on this link for more info. http://toddanthonydirect.typepad.com/the_bullshit_observer/2007/03/credit_card_lat.html

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You remember this strategy used by Ali in one of his fight? Well this is similar in that you keep taking the punches from the credit card companies but you get to lower the interest rate by taking advantage of balance transfers within the same Company that issued you the card (s) and that holds your credit card debt. While you are on the ropes you get to think about other ways to solving the problem. You may well find out that the information here can give you the knock out punch you need.

Use Balance Transfer Offers from your Current Credit Card Providers

Published March 28th, 2007 in Credit Help and Tips.

If you’re the typical American consumer, you probably have several credit cards and a few thousand dollars or more in revolving debt. Perhaps you’ve used 0% APR credit cards or balance transfer credit cards to alleviate your debt woes, and keep finance charges in check. Click link for more information:

http://www.thetruthaboutcreditcards.com/use-balance-transfer-offers-from-your-current-credit-card-providers/

 

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