Comments on: Banks Propose Credit Card Debt Bailout Plan

By: Ann Smith

Ann Smith — Thu, 28 Jan 2010 22:01:24 +0000

Here is my issue , I need to find a local company in Richmond that work withcredit card bailout and is willing to qualify my friend with a reduction in the amount that she owes. some say 60% reduction others say 40%. She need ths highest fate she can get. If anyone know of a bailout company that will work with her down these lines, please share.

By: Webnba

Webnba — Thu, 15 Oct 2009 20:31:24 +0000

Great comment Nancy.

Everyone wants to have their cake and eat it too. Our credit dependent economy would like people to live like they’re playing Monopoly. The scary thing is, this isn’t a game, and when all is said and done, there’s no guarantee we’ll be afforded the opportunity to get our act together.

Every man made currency in history has failed. Looks like we’re doing our part.

By: Nancy Tossell

Nancy Tossell — Wed, 14 Oct 2009 15:51:35 +0000

The state of our economy points out the critical lack of education when it comes to money management. Our marketing machine encourages us to buy on ‘want’ as opposed to ‘need’. If we get into trouble, we are immediately punished with penalties and fees which only add to the problem.

I am currently working with a client who has not made stupid decisions, but lack of financial education has him making moves he would not have considered 2 or 3 years ago.

As a person who was always taught to live within my means, I have been able to avoid this mess. I empathize with those who are angry to have less responsible people get help. However, I also get to see how good people have been punished by an unfair system. Medical issues are the most painful (no pun intended) and people need more help in dealing with this particular situation.

This is going to take a long time to work our way out of and our culture of immediate gratification is going to be sorely tested

By: Kristy

Kristy — Wed, 14 Oct 2009 13:57:46 +0000

You’ve got to call them to try and make a deal.