Comments on: American Credit Card Debt – Symptom of a Debt-Based Currency http://www.debtreductionformula.com/blog/american-credit-card-debt-crushing-us/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 14 Oct 2011 01:06:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Kris @ Debt-Tips http://www.debtreductionformula.com/blog/american-credit-card-debt-crushing-us/comment-page-1/#comment-56867 Kris @ Debt-Tips Mon, 22 Feb 2010 20:58:45 +0000 http://www.debtreductionformula.com/blog/?p=737#comment-56867 If only credit cards came with instructions. Or what if the banks stopped sending tempting offers and approving more credit to those to those who were struggling to pay? If only credit cards came with instructions. Or what if the banks stopped sending tempting offers and approving more credit to those to those who were struggling to pay?

]]> By: Ryan Healy http://www.debtreductionformula.com/blog/american-credit-card-debt-crushing-us/comment-page-1/#comment-56857 Ryan Healy Fri, 19 Feb 2010 15:45:17 +0000 http://www.debtreductionformula.com/blog/?p=737#comment-56857 Mark - I totally agree that personal responsibility has to play a great role. Unfortunately, as you point out, the current system encourage exactly the opposite. Mark – I totally agree that personal responsibility has to play a great role. Unfortunately, as you point out, the current system encourage exactly the opposite.

]]> By: Mark http://www.debtreductionformula.com/blog/american-credit-card-debt-crushing-us/comment-page-1/#comment-56856 Mark Fri, 19 Feb 2010 15:38:31 +0000 http://www.debtreductionformula.com/blog/?p=737#comment-56856 clearly, everyone's played a role in contributing to the debt problems we face. one thing that bothers me though is the blatant misdirection by the credit companies - they profit off of people's debt so have no interest in contributing to credit/debt education? that and they market credit cards as just another form of currency. personal responsibility needs to play more of a role, of course. that's a bottom-up approach but we're living in a top-down culture clearly, everyone’s played a role in contributing to the debt problems we face. one thing that bothers me though is the blatant misdirection by the credit companies – they profit off of people’s debt so have no interest in contributing to credit/debt education? that and they market credit cards as just another form of currency.

personal responsibility needs to play more of a role, of course. that’s a bottom-up approach but we’re living in a top-down culture

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