https://padlet.com/abwinfield/iovvk7ywlccg en-us 2018-01-09 13:24:17 UTC 2018-01-25 14:05:34 UTC hello@padlet.com abwinfield https://padlet.com/abwinfield/iovvk7ywlccg/wish/219707848 2018-01-09 13:25:59 UTC https://padlet.com/abwinfield/iovvk7ywlccg/wish/219707848 abwinfield https://padlet.com/abwinfield/iovvk7ywlccg/wish/224626539 - Never miss a credit card payment and do not pay them late.
-Chase, in 2009, slashed a family's limit in half on one card, and completely canceled their other card.
-Americans defaulted on 68 Billion at the end of 2009.
-People are draining equity in their homes because they are trying to pay off their credit card debt.
-You can not save, invest, or plan for the future until you take care of your credit card debt.
-Using savings to pay off credit card debt is a good idea if you have any.
-Pay off one credit card at a time, and pay off the one with the highest interest rate.
-Read the fine print.
-Store credit cards are pointless because there are no perks and they have very high interest rates.
-Borrowing from life insurance is risky, and if you die during the time of the loan, you could be robbing your heirs.
-Get credit counseling if you are in a really bad position.
-Selling major assets can be a good way to pay off credit card debt.



]]> 2018-01-25 13:29:57 UTC https://padlet.com/abwinfield/iovvk7ywlccg/wish/224626539 pelusk https://padlet.com/abwinfield/iovvk7ywlccg/wish/224632181 Customers in 2009 were upset after the stock market crash and even though they had good credit they received backlash from their credit card company. One couple who have never made a late credit card payment had one credit card cancelled and the other credit cards limit was slashed in half. The video stated that Americans had racked up and defaulted on 68 Billion dollars in credit card debit at the end of 2009.  

In the other video that was published in 2001, NBC had a debt expert of the show to talk about ways to reduce credit card debt. She stated that people can not save or invest for the future because they are limited by the debt they carry. She gave suggestions on easy ways to get rid of credit card debt fast. One of the ways was to sell off major assets and use extra savings to bring down your debt. The expert also stated that to avoid credit card debt in the future to read the fine print and avoid store credit cards that have high interest rates. She suggested that if you are in a bad position that you should seek credit counseling. ]]> 2018-01-25 13:41:54 UTC https://padlet.com/abwinfield/iovvk7ywlccg/wish/224632181 pelusk https://padlet.com/abwinfield/iovvk7ywlccg/wish/224638454 Payton Lusk and Angelica Winfield]]> 2018-01-25 13:53:48 UTC https://padlet.com/abwinfield/iovvk7ywlccg/wish/224638454 pelusk https://padlet.com/abwinfield/iovvk7ywlccg/wish/224638724 We learned that credit card debt can get out of your control very fast. It is good to know what to avoid so you do not get in a bad financial situation. We also learned to research the credit card before I get it so that I know what interest rate that it has or if there is any benefits to having the card. If we do not feel like we are in a good financial situation then we should get credit card counseling. We now know that store credit cards are a bad investment due to high interest rates and that borrowing from life insurance can rob our heirs. ]]> 2018-01-25 13:54:18 UTC https://padlet.com/abwinfield/iovvk7ywlccg/wish/224638724 pelusk https://padlet.com/abwinfield/iovvk7ywlccg/wish/224642893 https://archivesbb.nbclearn.com/portal/site/BbHigherEd/flatview?cuecard=42887

https://archivesbb.nbclearn.com/portal/site/BbHigherEd/flatview?cuecard=41694]]> 2018-01-25 14:02:07 UTC https://padlet.com/abwinfield/iovvk7ywlccg/wish/224642893