american debt relief
Are people in the US starting to realize that credit cards aren’t all they are cracked up to be?
I have recently paid off and cut up all credit cards. Do you think that all Americans should do the same?
It is such a relief to not have all that debt hanging over my head. I also pay cash for EVERYTHING now…if I don’t have the cash…I don’t have what it is that I wanted.
If everyone in the US was to do this, how would it effect the banking institutions as well as our society as a whole?
In addition:
I also seem to have MORE money now…not paying the credit care company is actually quite nice!!
No more fees no more APRs to worry about…
If everyone did this, the banking institutions would crap themselves. They would have to find new ways to make money.
They would also have to compete more, driving down rates.
The problem is that not everyone can pay off their debts.
