The Truth of Credit

Educating the Least “Sophisticated” Consumer


Archive for the ‘Rants’ Category

Debt Collections is Not Booming

So how is business?

Granted, there are plenty more delinquent accounts than their used to be. However, they are almost impossible to settle. Credit Bureaus have 25 to 30 delinquencies that are extremely hard to collect on. Also it seems like everyone I talk to lately is in foreclosure or in the beginning stages.
To counter that my [...]

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Stall, Stall, Stall!

One of the most frustrating parts of my job is the amount of lies that I’m told on a daily basis. While popular opinion is the debt collectors lie and break the law to get paid, if you only knew the caliber of some of the people on the other end of the phone you would [...]

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Health Care Credit Cards

A few of the top health insurance providers have decided to team up with some major banks to make health care credit cards for consumers. These credit cards, which can only be used for medical expenses, are intended to help consumers cope with rising health care costs. Here are some of the cards that I [...]

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Money Isn’t Everything!

People have written novels trying to prove this point but I want to be short and to the point in this post. I agree wholeheartedly with the phrase, “Money isn’t everything” but it has a significant place in life. Instead of trying to put it in my own words I want to quote Dr. [...]

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Why Being in Debt Sucks for Everyone You Know!

Obviously, being overwhelmed with debt is a terrible situation but have you ever thought of the effects it has on others? We all know the effects it has on your ego and self confidence. Do you realize what the effects bad debt has on your wife, children and even your friends?Bad debt can effect [...]

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