From How to Get Out of Debt

Thanks to @lizweston of Twitter for pointing out this very important article that all debtros need to read. What Does Your Credit-Card Company Know About You? To understand how the credit-card industry got interested in psychology, you have to go way back, to a time when many Americans didn’t have a credit card, when almost [...]

Read the full article at GetOutOfDebt.org, click here: What You Buy Tells Your Credit Card Company How to Treat You

From How to Get Out of Debt

Indeed it is. If you're not in top shape for the credit card shakeout that's already taking place, there isn't much you'll be able to do about it. It's probably already too late. After years of flooding the market with credit cards (and generous limits), banks are finally starting to take it back. Eric Dash, a New York Times reporter, does an excellent job of distilling the situation. From

Read the full article at GetOutOfDebt.org, click here: Consumers Feel the Next Crisis: It’s Credit Cards

From How to Get Out of Debt

It's tough all over -- and not just in the United States. In India, where revolving credit is still relatively new, consumers are struggling under the weight of crushing consumer debt, according to a story in the Wall Street Journal this morning. But it's not just Indian consumers who are suffering. The banks that handed out this easy money are being hammered as well. Indeed, card companies that

Read the full article at GetOutOfDebt.org, click here: New Indian Middle Class Gets Caught In the Whirlwind of Revolving Credit