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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Zeev Hed who wrote (69542)	2/19/2001 10:39:15 AM
From: Cogito Ergo Sum	Read Replies (2) of 99985

Hi Zeev Hed, Human nature being what it is many people budget for mortgages, and car loans but NOT for credit card debt .....until they are forced to because they cannot meet their obligations due to diminishing cash flow. The 8,000.00 in credit card debt is also not amortized over 25 to 30 years for a one time purchase to build equity generally, more likely for rapidly depreciating assets or consumables. The impact of CC debt at 8,000 is not equal to 8,000 of mortgage debt as it generally comes out of other 'living' expenses and is revolving. Do you think people with this credit card debt have a one time 8,000.00 charge to deal with or do they take 2 steps forward and three steps backward. I would suspect that the total credit card debt in their lifetime is far greater then the 8,000, which is not inherently a problem IF they pay down regularly and completely. been there, done that.. and a lot wiser now Use em for the Loyalty programs and ease of expense tracking BUT PAY THEM OFF MONTHLY or, BURN EM. I use them extensively and rarely use cash but it requires discipline. regards Kastel

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