Archive for January, 2009

Interest Only and Credit Card Debt

Tuesday, January 13th, 2009

Well, here is an example of the system that isn?t functioning as intended: a mortgage loan that encourages paying off one debt, in order to overspend ourselves with another debt. The interest only mortgage and the credit card debt. As a borrowing nation, I believe we?ve reached new levels. It would seem that in this [...]

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