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Debt is becoming an ugly, ugly, ugly word. It has opened the door for some very nasty people to take advantage of people at their lowest. Let’s take a poll.
How many people do you think go into debt planning NOT to pay their bills?
Logically, people go into debt because they want to live better, they want more of what they see and a lot of the time, cannot afford, but really do need. Such as medical expenses, not even major ones. But everyday things, like dental emergencies, eyeglasses, appendix removal, car repairs. Utility company, cable company, phone company prices exceed your salary. Voila! You’re in debt!
How do you avoid debt? Get a better job with a higher paying salary. Easier said than done for most people. Go to college. We’ll come back to that one. Sell drugs. Prostitute. Those are options for the not so faint of heart. No one in debt plans on not being able to pay their bills anymore than they plan on not being on this planet the next day. They are in debt primarily because of predators.
Credit is BIG BUSINESS. It’s everywhere you look. Banks, PayDay Loans … and Credit Cards are being offered by everyone from stores, gas stations, schools .. you name it and they probably offer credit cards.
We are made to believe if you get credit, it will make your life better. Your credit score will go up. You will have access to just about anything you need and want. Yet, there is all that small print. What’s that all about?
It’s about chain yanking. Loop holes you will eventually have to jump through. Surprise tactics and strategies that will put a strangle hold on your finances. Think foreclosure crisis.
And then the devil invented Collections. The collections industry is just a legitimate form of loan sharking. Few people realize that most collection agencies are law offices. Yeah. Attorneys. Ambulance chasing didn’t exactly dry up. They just found a new prey. And it’s a racket!
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