Friday, December 15, 2006

The Latest Epidemic!

This dis-ease has been spreading swifter than a forest fire and the germs come in all possible forms and in all mediums…
It is called the CREDIT SYSTEM…

I tried to collect a few definitions from some informative sources…you can see what this can do to your life...
A credit card is a small plastic card issued to users of a type of retail transaction settlement and credit system.

1. A card that identifies a person as entitled to have food, merchandise, services, etc., billed on a charge account.
2. A plastic card having a magnetic strip, issued by a bank or business authorizing the holder to buy goods or services on credit.
3. A card allowing someone to make a purchase on borrowed money. Credit cards are one of the most popular forms of payment for consumer goods and services in the United States.

And some free advice…from the Investopedia Commentary…
Credit cards have higher interest rates than most consumer loans or lines of credit, so try your hardest to pay off your credit card each month.


Before you realize what is happening you are sucked into the abyss of the credit system making money (which is after all a tool and is supposed to assist us with exchange of goods) one of the most sought after things in life, pushing Love well behind in the race.
Where is this all leading us to?
Check these links for some more information on the students of the United States and how they are finding themselves caught up in the maze of the credit system and cannot seem to escape its poisonous fangs at such a young age.

And if you are young and in debt with your credit card loans, you have another set of people to help you out and that is not for free… there is a crowd to help you build your finances again…for money, of course!!
And, what about the rest of the world? They will soon join the credit clubs…sooner or later!

1 comment:

Dan said...

I think it's important to understand that most people are responsible enough to handle the use of other words, give us some CREDIT! (pun intended)