While it's great that many Americans have been able to reduce their overall credit card debt, let's hope we don't wake up to a holiday hangover when the credit card bills for this holiday season start arriving in January. If consumers used credit for their holiday purchases this year, they might erase any progress they have made toward paying down their debt.
More Quotes from Steve Rhode:
So many people that wait until the last minute buy all these things with money they don't have.Steve Rhode
Money can be as addictive as lots of other things -- drugs, sex, alcohol. There are truly money disorders.
Steve Rhode
Our program takes into account past financial history, current history, and we develop a settlement plan which usually requires concessions from the lenders.
Steve Rhode
The UK has adopted the American habit of credit with vigor, and consequently consumers are rapidly getting in over their heads.
Steve Rhode
You can chastise high-risk lenders, but you could also say that some people deserve a second chance and would have no other access to credit without them. At some point, there has to be some level of common sense.
Steve Rhode
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