Here's some good incite and advise on Credit yours and mine in particular.
Credit cards have destroyed many people and many businesses financially because it's easy quick money to access in times of emergencies which is OK in come cases.
"The Now" seems to kick in when we need "it now" and we'll deal with the bill later.
Don't get me wrong Credit cards are a good thing to have and in most cases from a social stand point its necessary to function, But it can be detrimental and devastating if not managed correctly. I'm not criticizing any one with this blog in any way but,if the shoe fits then just read on and take this to heart.
Credit runs everything worldwide."No credit no product" From the smallest purchase like a coke at some of your fast food restaurants that now take your favorite credit card.The price plus interest.You do the math. We as consumers have to watch out and read everything,it might just open your eyes and especially put $$ back in your pocket.
The new thing "FEE'S" everything has a hidden FEE from your utility bill to the credit cards.I personally had an experience with the phone company and my ignorance with some website the offered me "FREE stuff" if I gave them my contact number.well,I did and after almost 2yrs of not reading my bill I had been paying 300.00 over a years time for 3 voice mail services.Who in gods name needs 3 voice mails.
Well,I had a hell of a time getting it removed from the home phone and getting my money back.
** THE POINT HERE IS READ EVERYTHING REGARDLESS *****
NOW BACK TO THE CREDIT ISSUE.
Credits cards are a wonderful source for Emergency cash,but not to live on.
I have seen first hand consumers pay credit with credit,that doesn't work!
Eventually it comes full circle and your in the credit and collections game just like allot of Americans and even foreigners.
If your wondering,I was a bill collector for over 13yrs,in a national bank on allot of there products and at my local credit bureau. That's how I know what I'm talking about.
I'll Be adding more incite on The Credit and Collections game later in the week.
HERE'S MY NEW MOTTO FOR 2009:"DON'T GET CHAMPAGNE TASTE ON A BEER BUDGET"
Thanks for reading Martin's Picks.
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