Reeling economy forces more into credit card debt

Where will the money come from? Gas and food prices are rising, mortgage interest rates are adjusting higher, loans are harder to find and unemployment is ticking up.

[No Credit]

no mortgage, no car payments, no credit cards, and no credit! the chickens are coming home to roost and its not going to be a pretty sight!

[Jennifer Vaughn]

Has anyone tried Credit Card Zappers? They are supposed to be able to lower your debt without bankruptcy or debt consolidation.

[Anthony]

Instead of bashing these people, we should be feeling sorry for them and the mess they have made for themselves.

Sadly our capitalistic culture has convinced people that they need to have certain things to be admired.

In addition, the day to day expenses have many families working two jobs just to survive, not to thrive.

However, I fully expect 600 blogging know it alls to reply to this post with the typical bashing. "They should have known better, etc."

To those I say: "They did not know better and that is contributing to a slumping economy which we all have to live in".

So instead of judging, why not sit quietly, or better yet with your strong financial situation help a person in need?

Hopefully we'll all be able to survive and see the better days ahead.

Good luck to all of those who find themselves in trouble.

[Hardcore Truths]

Who are all these losers with so much debt?

What a bunch of undisciplined morons.

Live within your means jerks. I blame our educational system for this.

[Palmyrapaul]

Yes people are in debt. The USA is in debt. It's going to get a lot worse before it gets better. If it gets better. Why is eveyone working two jobs to live on LI and pay all these government workers outrageous salaries.

[Jim]

all those illegal leeches are ruining EVERYTHING.They make the dollar weaker every penny they send out of our country. Do not buy anything to help our economy. Don't pay taxes. Take our jobs cheaper. Use our housing and all other resources. Some also prey on our kids and citizens, which hurts so many, then costs millions in our prisons. They clogg up all of our emergency rooms.
The time has really come where we cannot afford to carry them anymore, and that would just be a small start to turn this economic debacle around. Is ANY elected official listening to us, and I mean elected, not a self annointed Reverand.

[h preston wilcott III]

it is a shame all you poor people just can't get by in America. we need to have greater tax cuts so people like me will have more money to invest in low level service/retail jobs that people like you will be able to do. you are all suckers!! I, for one, think George W. Bush has been a great President!!! hahaaahahaha

[Need Help]

Jim wrote:

all those illegal leeches are ruining EVERYTHING.They make the dollar weaker every penny they send out of our country. Do not buy anything to help our economy. Don't pay taxes. Take our jobs cheaper. Use our housing and all other resources. Some also prey on our kids and citizens, which hurts so many, then costs millions in our prisons. They clogg up all of our emergency rooms.
The time has really come where we cannot afford to carry them anymore, and that would just be a small start to turn this economic debacle around. Is ANY elected official listening to us, and I mean elected, not a self annointed Reverand.

Hey I need someone to mow my lawn and do the handy work around the house.. are you available? I heard there are plenty of restaurants in need of help as well, can you apply for the waiter position or how about the cook?

[Losers]

Hardcore Truths wrote:

Who are all these losers with so much debt?
What a bunch of undisciplined morons.
Live within your means jerks. I blame our educational system for this.

Hey the losers are the people with low sef esteem. They are influenced by celebrities and want to live life styles that are not within their means. Designer clothes, SUVs, the hair, make up, nails and the list goes on...Be yourself!

[Fred]

<<< Moody's Investor Service reported that the charge-off rate -- which measures those credit card accounts that are considered uncollectable as an annual percentage of all outstanding loans -- reached 6.27 percent in April, its highest level since December 2005.>>>>

This is the cost of doing the credit business . Now the Newsday article fails to inform us what the charge-off-rate is normally . Why ? Because then there might hardly be a point to this story .

[reality]

Jim wrote:

all those illegal leeches are ruining EVERYTHING.They make the dollar weaker every penny they send out of our country. Do not buy anything to help our economy. Don't pay taxes. Take our jobs cheaper. Use our housing and all other resources. Some also prey on our kids and citizens, which hurts so many, then costs millions in our prisons. They clogg up all of our emergency rooms.
The time has really come where we cannot afford to carry them anymore, and that would just be a small start to turn this economic debacle around. Is ANY elected official listening to us, and I mean elected, not a self annointed Reverand.

you must be an uneducated loser to blame everything on hard working emigrants get a life

[Fcountry]

It's all over for America. Move to Canada. Move anywhere you can. Don't stay here. You will only be working for these creeps. You will have no life here in America.

[Sweet]

Running America to the ground is almost completed no matter what. There will soon be TV commercials urging donations to support a child in the US for 25 cents a day.

[bbednarz]

.The credit card interest rates are designed to increase your debt, not allowing you to get out.
.
..Washington approved their twenty plus percent interest rates - worse than going to a loan shark - and a lot easier to get in over your head.
.
..Ecomonic Slavery

[Percy]

Need Help wrote:

<quoted text>
Hey I need someone to mow my lawn and do the handy work around the house.. are you available? I heard there are plenty of restaurants in need of help as well, can you apply for the waiter position or how about the cook?

People are cutting back on dining out so restaurants will suffer and close .

[bbednarz]

Hardcore Truths wrote:

Who are all these losers with so much debt?
What a bunch of undisciplined morons.
Live within your means jerks. I blame our educational system for this.

.
.
..No just a bunch of people, who were sold a bill of goods.
TRUST ME - I'LL LIKE TO TELL YOU THE TRUTH, BUT IT'S SECRET (GWB)
ENRON -- WORLDCOM -- TYCO
...Names Ring A Bell

[bbednarz]

.
..
...THE REPUBLICAN AUTHORIZED THEFT PLAN.
.
..
...NO HEALTHCARE
.
..NO PENSION - SOCIAL SECURITY
.
BUT WHAT A HELL OF AN EDUCATION

[Commie Stooge]

Just read the book "Credit Card Nation" by Robert Manning; the 2 books by Elizabeth Warren": and "Maxed Out."
Then you'll know just how these companies have insinuated themselves into our spending habits!

[anonymous]

h preston wilcott III wrote:

it is a shame all you poor people just can't get by in America. we need to have greater tax cuts so people like me will have more money to invest in low level service/retail jobs that people like you will be able to do. you are all suckers!! I, for one, think George W. Bush has been a great President!!! hahaaahahaha

If you think Georgie boy is a great presidents you are realllllllllllllly stupid!!!!!!!!!!

[FINALLY]

Hardcore Truths wrote:

Who are all these losers with so much debt?
What a bunch of undisciplined morons.
Live within your means jerks. I blame our educational system for this.

A MAN WITH BRAINS!