Posted on 03/19/2016 8:00:52 PM PDT by SeekAndFind
They may have to put up a sign explaining how to write a check for people under 30 or so. I had an intern a couple of years ago going into his senior year that could not write a check. Couldn’t properly address an envelope either.
Net Present Value....
I pay cash for houses...only thing I like to have debt on is stocks.
Why not? How do they encourage people to use checks, ‘we prefer it’ or what?
Freegards
A point well worth making. The same goes for the USA's 19 trillion and counting. We ought to throw congress in prison for massive grand theft.
That’s exactly it. In a small town like mine, that’s usually sufficient for most customers.
That long list looks like fodder for a few Trump campaign commercials. Of course, the GOP has done absolutely nothing to differentiate themselves from the Democrats, so they probably won't benefit, but Trump will if he handles it right.
That makes sense, and probably solves the problem enough so they don’t have to worry about competition being more convenient depending on the particular business.
Freegards
A nation of credit abusers, a credit abusing nation ... these go hand in hand.
Without the former all the bat **** crazy in DC wouldn’t be reelectable, maybe not even electable in the first place.
But the former is probably not the real root cause. Rather, just as the society reminds me of Romans 1:18-32 it also reminds me of Haggai 1:6 “You earn wages, only to put them into a purse with holes in it.” which, not coincidentally, also came about because folks were more concerned for their kingdom than His, even if they had not gone as far as those described by Romans and had cast aside knowing God for a fistful of pleasures.
I get a discount at my dentist when I write a check. Retail on the other hand has bigger problems with fraud.
... and all the clueless and loons wanting to vote for the likes of a Clinton or Sanders.
Debt free is the way to be!
In a cash society the morons have far less capability to haul everyone else down.
Wow! More than in 2009, 2010 and 2011, put together?
Must be a lot!!!
In 2008, credit card debt was $1004.4 billion.
In 2009, credit card debt was $916.4 billion.
In 2010, credit card debt was $839.5 billion.
In 2011, credit card debt was $841.2 billion.
In 2012, credit card debt was $845.9 billion.
I added an extra year, just for the hell of it.
In 2009, cc debt was reduced by $88 billion, reduced by $76.9 billion in 2010, increased by $1.7 billion in 2011 and increased by $4.7 billion in 2012, the (extra year), for a total reduction of $158.5 billion. Any increase is going to be more than a decrease of $158.5 billion.
Source below.
http://www.federalreserve.gov/releases/z1/current/annuals/a2005-2015.pdf
Page 120. Under L.222 Consumer Credit
$3,000 in credit card debt for every man, woman and child.
So glad I owe nobody nothing. Cash is king!
the gall of anyone complaining about Americans when the country has 20 times that.
The article mentioned nothing about flipping balances on credit cards. If you gave good credit and good financial management, it’s the easiest and cheapest loans available at 2% interest per year.
Most cards now have a 4%-5% charge to transfer.
Forgive credit debt,Forgive credit debt!
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