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To: Maurice Winn who wrote (70533)	5/7/2010 8:58:48 PM
From: Ilaine	Read Replies (1) of 71178

>>If people don't like a creditor's interest rates, they could try repaying the loan. Agreed. On the other hand, the creditors appear to have been all too eager to loan money that the borrowers could never repay. A paradigm example would be some of my clients who gross about $40K per year but owe $100K in credit card debt. Paying only the minimum payment means they will effectively never retire the debt. The only business model that fits this situation is that of vampire bats, sipping blood from ruminant animals so slowly that the animals' self-preservation instincts are never triggered.

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