Monday, October 29, 2012

Moody's warns (Canadian) banks on ratings.

Out of control consumer debt is caused by 2% monthly minimum credit card payments.  2% monthly minimum credit card payments are as dangerous to society as cigarette smoking.

if Debt could be cut by 50% to 75%, then credit cards could raise their monthly minimum payments to 5%, and that would accurately and truthfully reflect what it means to have credit card debt.

No comments:

Post a Comment

Please consider signing the Debt Neutrality Petition by clicking here.

Post a Comment