Credit card companies woo struggling mortgage-holders

By Robert Gavin, Globe Staff | September 4, 2007

As subprime borrowers began to default on their mortgages in rapidly growing numbers this year, credit card issuers increased their efforts to sign up such customers with tarnished financial histories, according to a market research firm.

Link to The Sub Prime Market

---

Please, please read this articles. You will end up shaking your head and wondering how could this be. Credit card companies are marketing to home owners who are in default on their mortgages? Yes, just like college student, the sub prime customers in the United States are a great market place. Why? The answer is simple though counter intuitive...that is beyond common sense. You see it is all about creating debt, yes, that's right. The more debt you make the more profit for the Bankers and the Credit Card Industry.

Your misery and financial ruin is their source of power and wealth!
They (our representative in government) still tell us that we are a country of Law so for now while that may still be so, use it (the Law) or lose it. You are afraid? Think of what we have lost and will lose if you give up this power to use the Law to put these Debt Inc. business out of business. One can always dream of a people free of debt! [Read More!]