mr.debt
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All Comments (43)
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@kozes Say, you get sick, you have kids with a partner, your partner is taking care of you and the kids and has to drop one of her two jobs- you're not bringing in as much money, and you have more expenses than ever: how are you going to cover them? Or, on a less catastrophic scale, say you've incurred heavy debt through student loans, and if you don't pay there's hell to pay, and your income doesn't cover rent AND food AND payments- credit can be very attractive. A little compassion, please?
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I think this guy is fascinating, but too bad he turned out to be a fraud.
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Cry more plebeian trash.
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I'm not calling you a liar and I applaud you leaving an abusive relationship but I have a hard time believing you. If this is true, how does he have 15000 clients? How is he still in business and not in jail. If charges were made illegaly their are many people and ways you can get your money back. I'm sorry you feel you got screwed, but is their a possibility their is something your not telling us or that you misunderstood something. If I am wrong and out of line I sincerely apologize
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I believe usury is what people are referring to when they call interest rates a crime. And yes, according to Judeo-Christian and Islam scriptures, usury is in fact declared a sin (though in Judaism, it's apparently all right to loan out money with interest to gentiles, just not to fellow Jews). Jesus wrecked a temple in a rage over unjust usury -- no doubt today our corporate banks with complex ways of compounding interest would make the lenders of old look like lambs in comparison.
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the system is designed to get people into debt, so the banks can make more money.....greedy greedy greedy
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good advice....
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Commercial banks that have intrest is not the real big problem. The real problem are the central banks who ask intrest on money that only they can create, so you can never really pay off you loan, this all translate back to the commercial banks lending out money to consumers with high intrest rates. Banks should only be here for the storage of money and simple loans. from with they originated. and i agree with you that intrest at the level of commercial banks is not really a crime.
I know one way that is guaranteed to work every time. Don't buy things you can't afford.
prayfertrey 4 years ago 15
its like losing weight. burn more than you eat. i dont understand how ppl cant grab the concept of these basic fundamentals. you are exactly right. spend less than you make. dont buy the obnoxiously huge house that you can barely afford. living below your means = good.
kozes 4 years ago 3