Credit Card Debt is the most profitable commodity in the world. There are over three hundred million credit cards with an average limit of 00 collecting 70% to 85% interest monthly. Credit Card Debt is the catalyst that is producing the economic struggle in America today. Credit Card companies have issued more credit than the average consumer can handle.
Nick writes, “The world is evil. That’s why you use credit cards.”
If you carry a balance on one or more credit cards, you’re not alone: according to the Federal Reserve, nearly half of American families do. And nearly half of American families also have some sort of bank savings accounts. If you have savings, should you use that money to pay off your credit cards?
The Obama administration is spending big in an effort to bring the global market for lithium batteries for electric cars back to America. Cynthia Bowers reports on a risky investment that’s creating new jobs.
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Canada’s new 0 bill – made of plastic polymer – is the latest move to prevent counterfeiting.
The video series THE FUNNY TRUTH ABOUT CREDIT by Experian educates consumers about credit, starring well-known celebrities in hilarious real-life situations. In this episode, web comedians Jake Hurwitz and Amir Blumenfeld argue about if closing credit card accounts can hurt your credit score. Maribel Aber, a financial expert who is getting coffee at the same shop as Jake and Amir, lends her knowledge to settle the debate. Visit www.experian.com
With more students borrowing money for college, student loan debt in the US is now greater than credit card debt. But, as Dean Reynolds reports, it’s still a smart investment.
Watch the full version here: www.youtube.com The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.com JonathanJarvis.com
