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The Nation’s Debt: Collectors are in for rough times

“It may not appear to be a major problem for those of us that pay our debts in full every month, but psychologists have found a major link between spending real cash and budgeting.  The more we put on a credit card, the less our brain registers the true amount of the expenditure.” - Andrew [...]

Credit Card Debt: Profit from the mortgage collapse

“Evidence suggests that as adjustable rate mortgages (ARMs) reset to higher interest rates, consumers in these regions - and across the country - are relying more on their credit cards to finance such day-to-day living expenses as groceries and gasoline.” — Robert Williams by Robert Williams Baltimore – (TFN): Late credit card [...]

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