A New Way to Pay Off Credit Card Debt

Reader Comments

Back to blog

Owing an unmanageable amount of debt to credit card companies can place your income and assets in serious risk. Smart spending strategies and planning will help you keep creditors (and the IRS) at bay.

Landmark Tax Group of CA 2:46AM May 23, 2012

Every financial expert says the same thing top 10 way to improve our bad habits. Credit cards and financing is designed to keep American people in debt for profit. No financial institution is going to encourage you to pay off debt. Why would they? They make money on interest and finance charges. Most people do not live above their means. We are in a society that forces us to use credit and tell us how much credit we need to have, how much should be in our checking and savings accounts, how much we need for retirement etc. Then the Govenment and Financial companies figure out ways to deplete those reserves by additional taxes on everything; increase finance charges, increase fees on everything you own, hotel stays have highest tax 10 - 19%; rental cars (must have $300 - $500 on your credit card to rent a $29 per day car) Must have a credit card to rent anything; must have a credit card to show financial status along with your drivers licence. Must have a credit card to pay for or buy anything on line or on the phone! To get good financial advise, COST MONEY PEOPLE DON'T HAVE. To get a good lawyer (most of are crooks take your money and don't guarentee anything) COST LARGE SUMS OF MONEY UP FRONT FOR RETAINER FEES. Cost to repair anything you own that breaks down in your home or have someone tell you something is wrong for a large fee. Sears charges $129.00 to tell you your washer machine is broken and extra to fix it. Computer repair places rip off people every day $79 - $199 to tell you your computer has issues. Extra to fix it in addition to the looky lew fee. Gas for cars at $3.99 and up a gallon. How about traffic fees? You get a ticket for using your phone, not wearing a seat belt, not using a car seat, being in the wrong lane, car pool lane, not following the right arrows and fines have trippled in cost. Common working class people are paying the price for rich and govenment spending. They just bill us for it. Terri of Tracy, CA.

Terri Hoyt of CA 11:41AM April 07, 2011

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

My Money

Get personal finance advice from the voices behind the top money blogs, including Wise Bread, Bargaineering, Money Crashers, Nerd Wallet, The Dollar Stretcher, 20s Finances, My Bank Tracker, Card Hub, The Dough Roller, Rather-Be-Shopping and Money Smart Life

advertisement

Slide Shows

Best-Sellers to Help Your 2013 Finances

Seeking advice? Check out these acclaimed financial books.

10 Warning Signs of Identity Theft

About 10 million Americans fall victim each year.

Items You Should Buy Online

Skip the store to save money and time.

Latest Video

advertisement