Is credit leading to the downfall of society 34 Articles

by Barry Williams

Credit used properly is a good thing. Without credit I would not now own my house. If I had waited until I had enough cash in the bank to buy my land and build my house I would most likely still be renting today. I must ...read more

by Anthony Megna

Credit card companies promising thousands of minutes of phone cards if the home-sick student signs up for a student Visa. Credit card companies approving applications and giving credit lines to non-existent people or anim...read more

by Michelle D. Keyes

Everywhere you turn today, there are companies who use advertising to tell you about the newest and greatest car, boat, television, computer and clothes. Credit card companies have slick advertisements showing happy people...read more

by L G Hoel

The greed that has been driving the Credit Industry has started to create the downfall of society in the United States. A combination of greedy lenders and borrower has created debt that is becoming unsustainable. This has...read more

by Marco Angioni II

Credit is an important financial tool. Having good credit can help you obtain many important loans (such as car loans and home loans) and can also help you save money by way of lower interest rates. In addition to obtain...read more

by Mark Runta

Credit is not the issue - spending is. As a matter of fact, for some spending is an addiction. These addicts keep tapping income sources to fund a life style, which they cannot afford and eventually confront financial cata...read more

by Keith Risman

Credit is not leading to the downfall of America, debt is. With so many living paycheck to paycheck and often 20%, 30% or more of each paycheck going to Visa, it is no wonder that the American family is being torn apart. ...read more

by Paris S.

It's been said that capitalism is a beast that feeds upon itself. Several articles posted on this site describe just such grisly doings. On one hand, creditors want to be paid off, but on the other they want to extend pe...read more

by Etta Freeland

The downfall of society has probably already begun - credit is just one of the factors riding along the snowball. Credit seems strange to me - I understand its purpose and the justification for "running your credit" to ens...read more

by Raven Lebeau

Clearly, abuse of credit has done serious damage to the American economy, but the sky isn't falling. While bond insurer Ambac disappointed investors today, at least the poor saps who took directional positions, it has bee...read more

by Tobias Van Buren

GREED ON GREED! It has got us into this financial mess - and, the cards may just as well fall where they may! September 29, 2008 Wasn't it October 29, 1929 the market crashed, signaling a DEPRESSION? That year '29', but...read more

by Dawn Sears

I have been in Banking over 25 years, and I remember when we had people approved in the 80's at 17%, and they were jumping for joy! Today...you will be very lucky if you even get a loan. I am now aware, as of today that M...read more

by Yancy Caruthers

"With your trade-in, you can drive this car off the lot for $369 a month." At no time in the conversation was there a mention of final price, or how much I would get for my trade in, a number that is often inflated anyw...read more

by Dawn Pikey-Borgmann

Is credit really the best thing? I think we have all been in the position that the credit card offers are coming in everyday. No interest, balance transfers, etc. etc. How many buy into this debt trap? I did and now I ...read more

by Melissa Douros

With the promise of a free t-shirt or the chance to be entered into a raffle, credit is not leading to the downfall of society; those who peddle college students are manipulating today's youth into destruction before they ...read more

by Diane Palmer

Everyday, on our way to work, in our homes, on our radios, and on our TV's we are constantly being bombarded with adverts of all the things we must have. With the latest and greatest in technology, we can't escape these a...read more

by Jenelle Jennings

So you ask is credit leading to the downfall of society? My answer is YES, YES, YES! It is a trap for the young and the less fortunate. I just don't understand how you can hold someone accountable for something that the...read more

by Loyce Saylor

Busted (Broke) or Busted (Got Caught)? Didn't get much sleep last night. I had my home appraised a few months ago and got the news, yesterday, that my home is not worth what I paid for it. Ever hear the term, "Up-side ...read more

by Randy Schneider

Credit bureaus will be the major cause of the recession. Credit bureaus are one of the greatest scams ever put over the American public. They have one goal,and only one goal,to make the rich richer and to keep the ...read more

by Carol Noble

Credit has become a means of getting what you think you want immediately, because society itself encourages us "now, now, me, me" mentality. Credit is too easily obtainable, and it has taken me quite a few years to re...read more