Archive for February, 2006
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Thursday, February 23rd, 2006Driving into debt Another bad debt area is auto debt. While most people need an automobile, and the ultimate cost of an auto is higher than many people can pay in one lump sum, the way people go about it — namely, purchasing more car than they need — turns it into bad debt. “People [...]
Good Debt and Bad Debt II
Wednesday, February 22nd, 2006Bad debt The concept of bad debt comes in when discussing the purchase of disposable items or durable goods or, in general, the use of high interest credit cards. “The problem is, people don’t realize that credit cards are just plastic cash,” says Chris Bender, Communications Manager for the National Foundation for Credit Counseling in [...]
Good Debt and Bad Debt I
Tuesday, February 21st, 2006The amount of personal debt is ever increasing, and a large part of the reason is that credit has never been easier to get. Whereas credit card issuers previously looked for customers who could repay, today card issuers relish the chance to reel in those who’ll continuously charge beyond their means at 18 or 20 [...]
Credit Cards
Monday, February 20th, 2006A fistful of credit cards is a good thing, right? Well maybe yes and maybe no. With a credit card you are able to receive money, goods, or services in the present in exchange for a promise to pay in the future. Used wisely, credit cards enable people to expand their income, immediately enjoy the [...]
Introduction to Credit Cards
Sunday, February 19th, 2006However you view credit cards, it’s hard to live in the modern world without one. And if you have one, you owe it to yourself to use it properly. By Martin Fagan. However you view credit cards, it’s hard to live in the modern world without one. And if you have one, you owe it [...]
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