TAKING BACK AMERICA!

    Thursday, December 29, 2005

    Finances with JustaDog - Beware The Dark Side


    Let's say you have a credit card balance of $5,000. and you make a minimum payment of $60.00 a month. Your card has an APR of 12.9%. How long will it take you to pay if off it you don't add any charges to it and the APR remains the same? It will take you 17 years and 8 months to pay that account in full - and you will wind up paying $7,691.66 in interest.

    Having debt on your shoulders can effect how you think - even tempt you to go to the dark side, aka: liberal / socialist. How can this be?

    We are all too much aware that liberals (socialists included since they are much alike) like to blame others. Having credit card debt that continues to grow will tempt you to blame the card companies for your debt.

    Liberals do not promote personal responsibility. Having credit card debt that continues to grow will tempt you to place the responsibility of reducing that debt onto others - the card companies are the usual fall guys through bankruptcy.

    Liberals give excuses without addressing root causes. Having credit card debt that continues to grow will tempt you to find excuses for your situation and ignore the root cause. Without addressing the problem at the root you will never solve it.

    Liberals operate without cause or reason and are self-destructive as well as promote the destruction of what is honorable, worthy, trustable, and right. Having credit card debt that continues to grow will tempt you to betray the trust you made with the card companies, become dishonorable in your personal finances, and basically just screw up your life.

    When you carry credit card debt it is more than just payments at stake - it can very well be your future outlook in life.

    If you do run into a problem there are responsible ways to attack your problem and minimize any damage to your credit report and your integrity. Seek a non-profit group for credit counseling if you feel the need. Before that, write a nice letter to the card company and tell them you are having financial problems yet want to be responsible for what you owe. You might be surprised on how willing they will be to work with you to get back to a manageable situation - even reducing what you own.

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