The current American financial collapse has been blamed on many factors whether it be the greed of top management or poor reporting practices. However, almost all factors revolve around debt.
Lets forget about America and look a little closer to home. Australians too are making use of the credit facilities banks are offering, taking out more than they can chew. Take for example, how a non-income earning student can be issued the not so fantastic piece of plastic with a $2,000 credit limit.
Having quite a few friends working in the debt collection departments of Australian banks, their encounters at work often find their way to girly gatherings…
“I don’t understand how some people can have so many credit cards! They just take out a new one to pay old bills!”
“I’ve had to chase up the same guy for months. He just leaves his bills unpaid way over their due date and in turn suffers from severe interest rates. He isn’t the only one. I don’t understand why people are so silly and why they don’t just manage their finances better instead of paying hundreds of avoidable dollars in interest."
It’s a simple concept to understand, but why do millions still fall into the debt trap? Through the reasons might be hard to find, the solution is simple ~ “Don’t take him (debt) just because you can”.
U-Fhern.com is currently having Mother's Day specials which includes free gift wrapping and 25% off bangles accompanied with any purchase. A piece of handmade jewellery is a lovely way to tell your Mum you love her …and you won’t have to cut your credit card in half when the bill comes!
No comments:
Post a Comment