It's never too late to change our ways to find out the lending institutions, years of irresponsible lending came to an end, which means loans and credits will only be offered to those who will be able to afford to pay them back. It makes perfect sense to do so, not only is this move to help our economy but it will change the face of debt settlement forever.
from now Americans will have to learn to live within their means, which is what we should do together, we will not get more tempting credit card offers in the mail, offering us a low interest rate on balance transfers and cash advances . disease that has plagued our nation for decades will now come to an end.
of negotiating settlements on unsecured debt will be nothing less reduction, giving back the lenders have lost power. Today, in the midst of our current financial crisis, consumers are negotiating settlements on unsecured debt to record levels. Even the formidable collectors and law firms have recognized this. This will be short lived source of wealth such as banks are moving towards a more responsible way of doing business.
I predict a debt settlement in the next ten years will be changed together and it will become harder to pay bills discounted savings. This will not only be good for the economy, but for us as individuals, as well. We will go back to being that once proud nation we once were, where we paid our debts back in full with OT having to live with the stigma of bad credit rating report.
I for one will feel good about the upcoming changes. Having consolidated all my debt in the first part of the 1990s and never owning a credit card since then. I know how hard it will be for many to live with the plastic money, or poison as I decided to call it. Believe me we will all be better off with it in the near future.
There is nothing harder than to change, especially when it is forced upon us. credit industry is starting to change and so should we, for our own good!
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