Our Fault or The Bank?
June 3, 2008
Sometimes I wonder why I got into debt. Is it me or is it the banks? I used to get lots of phonecalls asking me if I wanted to take out a loan for a car, holiday or whatever I wanted. They talked a good line about how there were special rate interest loans available. It just sounded so great. Doh! Stupid me!
Of course, banks have all their staff specially trained to sell products. Of course, credit cards, car loan, mortgages and payday loans are all products. Once for my birthday I even got sent a birthday card from my bank once. I thought that was quite nice. On the front is said “this birthday have your cake and eat it”. Inside the card said “with a special rate birthday loan”.
It’s important to learn the differnce between good and bad debt as you’ll learn in this video.
Traditional Loan programs are changing with the economy and the difference is night and day compared to a few months ago. Payday loans can come in handy for the near future. Things will ease up it will just take some time. http://www.firstamerigo.com/
Both! No finger pointing – This problem was created by all who was involved – Just look at your neighbors loan and ask yourself if the their hoouse is worth waht they owe? http://www.firstamerigo.com