|
|
|
|
|
Debt Cures Reveals The Government’s Role In Your Debt
By CambodiaITCity.com
Hanky Panky is the title of Chapter three and Trudeau continues his theme that Cures will allow you to no longer be a slave to debt. You will have the opportunity to find true financial independence and to begin to create your own wealth. Follow Trudeau’s advice and move your life to new heights.
Trudeau says that Americans are too trusting. We do not realize the federal government is getting in the way of our financial independence by cooperating with the credit card companies and the banking industry. The average consumer does not contribute much to the politicians’ re-election campaign while the banks do contribute tremendously. So is it a surprise the federal government does nothing to help stop us from going further into debt? We are in a combined record of $6.7 trillion dollars, and Trudeau comments that the average working person spends 90% of their disposable income in paying down debts. is growing at an epidemic rate but
|
|
|
|
|
the federal government keeps looking the away from the issue. Some Americans fear getting out of bed everyday due to induced stress, yet Trudeau states the federal government is partners with the lenders.
There are four problem areas that Trudeau sees with the marriage of government and lenders. First is bankruptcy, one in fifty Americans has filed bankruptcy an all-time high. One would hope the government would take action to help consumers, but Trudeau says the government took actions to make it more difficult to file for bankruptcy. Recent legislation helped lenders not borrowers. Now banks and credit card companies have greater protection against consumers needing to file bankruptcy. Next, Trudeau follows an earlier theme that it’s not the borrowers who are out of control, it’s the lenders. If it wasn’t so easy to borrow, then our level would be much lower. Lenders make it easy to borrow so they can collect on the fees and penalties they are allowed to issue thanks to the government. And whenever the banks want to do something different, they call their buddies on Capitol Hill to change the law. Third is the subprime mortgage crisis. According to Trudeau the current crisis was brought on in part by the government and the banks. The government wants to take credit for building up new home ownership in the country so they encouraged the banks to make risky loans. The benefit for the banks is they get to foreclose and gobble up valuable property. Lastly there is a student loan scandal, which is a scandal worth $85 billion dollars. Trudeau alleges that several financial aid officers at colleges and universities are on the payroll from student loan companies. He quotes a newspaper article saying, the government sits and its hands “lacking the legal authority” to do anything.
The federal government has betrayed the trust with consumers. Trudeau wants us to know that “the inner workings or the entire consumer lending industry is one of the greatest travesties that this country has ever seen.” But Trudeau wants us to overcome this travesty. Cures is going to lead a call to arms to help consumers take back control of their financial well-being.
Article Directory: http://www.khmengwat.com
www.ddl2khmer.com
|
Additional
Resources
6 Debt Management Tips For Debt Relief
By CambodiaITCity.com
Debt management plan (DMP) is a special program introduced by most credit counseling agencies to help the serious debtors work their way out of debt. But not all debts can be included in a debt Read more...
|
Additional
Resources
6 Debt Management Tips For Debt Relief
By CambodiaITCity.com
Debt management plan (DMP) is a special program introduced by most credit counseling agencies to help the serious debtors work their way out of debt. But not all debts can be included in a debt Read more...
|
Debt test
Get a debt check-up, plus help and advice if you are in trouble.
Battling bills - what help is there?
A guide to the help available to those struggling to pay their fuel bills this winter.
Facing up to personal insolvency
What to expect if you need expert advice with personal insolvency.
Sorting out your family finances
Advice on how to manage your money in order to stay out of the red.
Coping during the downturn
What are the key factors affecting people during the economic downturn and where can they go for help?
How much should you borrow?
Understand the basic maths behind mortgage lending - and find out how you might borrow more.
Mortgages made simple
The different types of mortgages available and what questions you should ask your lender.
Choosing a personal loan
Taking out a personal loan is the standard way of borrowing money from a bank, building society or specialist loan company.
Your rights with bailiffs
With millions pounds worth of fines going unpaid every year, bailiffs have a busy life - but what should you do when they knock on your door?
Interest-free deals explained
Are interest-free deals always a bargain for the customer? BBC News examines the ins and out of these offers.
Can you still get a mortgage?
An expert says mortgages are still available, to the better quality borrowers.
Q&A: Moving your mortgage
Moving your mortgage is not as difficult as it seems and could save you money but watch out for hefty redemption penalties and other fees.
Credit card cost 'still rising'
Credit cards have continued to become more expensive to use in the past few months, research suggests.
More people facing bankruptcy
The number of people facing bankruptcy rose by 7% in the third quarter of the year, against the same period a year earlier
More people and firms going bust
The number of people and companies being declared insolvent in England and Wales has risen sharply, figures show.
Warning over debt 'cold callers'
Complaints about cold-calling by debt advice companies are to be investigated by the information watchdog, consumers are warned.
|
