Monday, May 21, 2007

Saving and Debt




My reaction to the New York Times article:
Couple Learn the High Price of Easy Credit is shocking, because interest partically makes your debts impossible to pay them off. People get into bebt just by buying a house or any item when their interest are high. Finance charges cann be so dangerous because their interest rates are high and if you miss a payment you will get a fee and the interest rates increases even more. Americans do not save money anymore because they have to use that money to pay off their debts and their interests.






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