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My Credit Rating Guide Blog 24 June 2008

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My Credit Rating Guide Blog 24 June 2008

24 June 2008

Credit Card Solution, Credit Card Debt Elimination

Posted by James Breen at 6/24/2008 8:11:00 AM

This credit card solution seems stereotypical. Read and think about it carefully. Once finished, I feel you will agree that is not.

There are many ideas here that will help you immensely if you follow the broad precepts. Golden nuggets:

Homeowners also need to worry about having access to their credit lines cut off soon. Thankfully, however, most credit card companies will do nothing negative to homeowners just because they are facing foreclosure on the .. read the rest part.

It is just getting started: Read the rest of this entry »

Posted at 8:11 0 comments

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Credit card and even more so Store card interest are set at exorbitant rates for one reason alone, companies make their money from the consumer’s inability to settle their card balances. Credit card debt is unsecured, whereas other debt like your mortgage is secured (your home acts as security against your debt). With credit card debt, there is no backing security, which means that credit card debt is high risk for banks and hence the high interest rates

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