March 8, 2005 General 0

While there are some good pooints in this…there are some missteps.

“What the credit card industry has been doing the last 10 years is akin to sending free samples of alcohol to alcoholics,” says Travis Plunkett, legislative director for the Consumer Federation of America.

True I get credit card offers monthly. Now that I have my own business I get even more. However one good old phrase still holds true, “The best way out of debt is to never get into debt.” I simply throw all the credit card offers into the garbage.

Frankly these mega huge corps going bankrupt..writing off billions in debt and stiffing their creditors…and then reemerging intact with no debt is what is truly sickening.