Comments on: Fed Tightening Credit Card Rules http://www.visioncredit.org/fed-tightening-credit-card-rules/ Your Nonprofit Credit Counseling Organization Mon, 06 Feb 2012 15:50:02 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Kenneth Long http://www.visioncredit.org/fed-tightening-credit-card-rules/comment-page-1/#comment-735 Kenneth Long Thu, 09 Oct 2008 13:44:51 +0000 http://www.visioncredit.org/?p=290#comment-735 Dear Payday Loan Advocate: Although your comment was marked as SPAM, I decided to allow it (less the links) so that our viewers can see the ridiculous nature of your argument. Payday loans are not, never were, and never will be a "great alternative to manage your short-term financial needs." They are a sure way to accelerate your financial decline, destroy your credit and raise your stress levels. Payday loans are for short-term needs, like a utility bill. Did you know that the water and cable companies will likely work with you to keep service on for a couple of weeks. Most power companies will let you go up to 90 days delinquent before disconnecting service, as long as you stay in touch and communicate your actions to clear up the late payments. Even most traditional vehicle loans will allow you to catch up a late payment rather than face repossession. You just have to communicate with them. IMPORTANT NOTE: If you use a buy here pay here financing service or other bad term loan service, then they may not be willing to work with you. Consider that the next time you finance a major purchase! By the way, the examples cited by Payday Loan Advocate are students that committed suicide due to light credit card debt with up to 28% interest. Imagine if they were facing 390%! These students were featured in the movie "Maxed Out." Shame on you Payday Loan Advocate for trying to profiteer from such a tragedy! Dear Payday Loan Advocate:

Although your comment was marked as SPAM, I decided to allow it (less the links) so that our viewers can see the ridiculous nature of your argument.

Payday loans are not, never were, and never will be a “great alternative to manage your short-term financial needs.” They are a sure way to accelerate your financial decline, destroy your credit and raise your stress levels.

Payday loans are for short-term needs, like a utility bill. Did you know that the water and cable companies will likely work with you to keep service on for a couple of weeks. Most power companies will let you go up to 90 days delinquent before disconnecting service, as long as you stay in touch and communicate your actions to clear up the late payments.

Even most traditional vehicle loans will allow you to catch up a late payment rather than face repossession. You just have to communicate with them. IMPORTANT NOTE: If you use a buy here pay here financing service or other bad term loan service, then they may not be willing to work with you. Consider that the next time you finance a major purchase!

By the way, the examples cited by Payday Loan Advocate are students that committed suicide due to light credit card debt with up to 28% interest. Imagine if they were facing 390%!

These students were featured in the movie “Maxed Out.” Shame on you Payday Loan Advocate for trying to profiteer from such a tragedy!

]]> By: Payday Loan Advocate http://www.visioncredit.org/fed-tightening-credit-card-rules/comment-page-1/#comment-734 Payday Loan Advocate Thu, 09 Oct 2008 11:15:17 +0000 http://www.visioncredit.org/?p=290#comment-734 Credit card debt is one of the most critical subjects in today’s economy. People from all walks of life, young or old, can surely relate to this matter. The majority of these companies’ target is our younger generation. Some college students have found themselves up to $12,000 in debt before completing their course in college. On a December night in 1997, a young woman was found dead after she hanged herself in her dorm room. On her bed, she had all of her credit card bills spread out. Apparently, she was about $3,000 in debt and had lost her part-time job, clueless of what to do. She died at the age of 18. The tragic story had brought many people to their senses. It’s sad to say that a good number of people who have credit cards at hand are more likely to spend more than what’s needed. Thus, this gradually adds up to a larger debt than what most people could imagine. Budgeting and smart spending is strongly advised to prevent any type of debt. When your budget has a drawback because of life’s unforeseen calamities, a quick online payday loan is a great alternative to manage your short-term financial needs. Post Courtesy of Personal Money Store Professional Blogging Team Feed Back: [Deleted] Home: [Deleted] Blog: [Deleted] Credit card debt is one of the most critical subjects in today’s economy. People from all walks of life, young or old, can surely relate to this matter. The majority of these companies’ target is our younger generation. Some college students have found themselves up to $12,000 in debt before completing their course in college. On a December night in 1997, a young woman was found dead after she hanged herself in her dorm room. On her bed, she had all of her credit card bills spread out. Apparently, she was about $3,000 in debt and had lost her part-time job, clueless of what to do. She died at the age of 18. The tragic story had brought many people to their senses. It’s sad to say that a good number of people who have credit cards at hand are more likely to spend more than what’s needed. Thus, this gradually adds up to a larger debt than what most people could imagine. Budgeting and smart spending is strongly advised to prevent any type of debt. When your budget has a drawback because of life’s unforeseen calamities, a quick online payday loan is a great alternative to manage your short-term financial needs.

Post Courtesy of Personal Money Store
Professional Blogging Team
Feed Back: [Deleted]
Home: [Deleted]
Blog: [Deleted]

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