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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: LA Times article Date:  3/18/1998  1:37 PM
Author:  Bottles Number:  917 of 312187

Neat Article,

This intersting fact in this article is that people are becoming much more foolish in their debt financing. That is not financing it on credit cards now but with Home equity loans, the artical stated even up to 125% of house value. The article speculates that is more the reason for the lowering of delinquient payments to a 3 year low verus people paying off balances or just makeing payments on time.

Unfortunately it was less foolish on people's habits. That is people will not change their spending habits unless they are forced too, and even then not immediately. Live and learn.....

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