Personal Debt-Information On Average Personal Debt, Personal Debt Consolidation Loan, Personal Debt Consolidation

K J asked:


is it true the gove want to use tax payer’s money to pay off consumers personal debt?

Martina Pixler

sacto_northern_cal asked:


bull: liberalism and business are only enemies in the minds of people who like to see things in black and white.

Serafina Triarsi

Glen B asked:


We live in a society where we spent 108 dollars to every 100 dollars of income. It’s no ones fault but those who take on debt irresponsibly. Why should I, or my fellow American, and our children’s children have to assume any DEBT you accumulated recklessly? It’s completely ignorant and thanks to the new stimulus package we’ll be paying interest on a revolving debt that will never turn into a surplus.

Personal Finance 101 for all the people who do not live within their means!

Noe Dear

DS asked:


Suppose the world’s governments decided that all personal and public debt owed to financial institutions was written off as of right now?

(In the UK, we mostly own all the banks anyway)

What would be the consequence?

Neville Bruer

sanrun asked:


In the past 20 years, I have seen a dramatic increase in the amount of credit that is offered. I get at least 2 or 3 credit card applicantions in the mail a week and receive regular phone calls about home equitiy loans and debt consolidation. Back in 1983, I had to establish credit by getting a department store card, before Visa or Mastercard would offer me one. I had a full time job at the time and wasn’t carrying any debt, either! Now, college kids, who work part time can get major credit cards!

I live within my means and do not carry more debit then I can handle if I lost my job tomorrow. We paid our home off in less than 15 years, we had a 20 year loan and made extra payments. I don’t have the numbers in front of me, but we saved a lot of money by doing that! Anyway, my advice to all Americans is to limit your debit and live within your means.

sanrun

Kirk Atchity