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To: DanZ who wrote (49379)	10/7/2003 7:09:34 PM
From: BWAC	Read Replies (1) \| Respond to of 53068

<The question is whether it is better to hold unsecured debt at 18%> I'd roll it out 12 months with a zero% transfer offer and pay the damn debt off before the 12 months were up. Why anyone carries a credit card balance month to month at 18% interest for any other reason than sheer desperation is beyond me. <the message being sent is that consumers have confidence in their future, their jobs, etc, which is important to get the economy growing again. > Seriously, I don't see it that way. The median consumer is living way above his/her head and needs the refinance drug just to make ends meet and to continue shopping for whatever they covet. Ends meet defined as meeting current payment obligations for a given month.