Fiscal Fairyland

iVillage Member
Registered: 08-31-2003
Fiscal Fairyland
9
Sun, 10-12-2008 - 8:31pm

Here's an interesting article I just read.

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iVillage Member
Registered: 10-12-2008
Sun, 10-12-2008 - 8:38pm
I don't like the mortgage buyout deal either.

iVillage Member
Registered: 08-31-2003
Sun, 10-12-2008 - 8:46pm

I'm guessing yes.

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iVillage Member
Registered: 10-12-2008
Sun, 10-12-2008 - 8:49pm
I had read an article the other day that if credit card companies would lower their rates so that people could actually pay off their balances then this problem would really resolve itself.

iVillage Member
Registered: 04-02-2008
Sun, 10-12-2008 - 8:53pm
I agree especially since most companies have a universal default which is just ridicuous.
iVillage Member
Registered: 08-31-2003
Sun, 10-12-2008 - 9:08pm

I agree.

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iVillage Member
Registered: 08-31-2003
Sun, 10-12-2008 - 9:08pm
could you explain universal default?
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iVillage Member
Registered: 04-02-2008
Sun, 10-12-2008 - 9:37pm
Yes I am giving my take on it, I'm sure there is an actual definition.
iVillage Member
Registered: 10-12-2008
Sun, 10-12-2008 - 10:54pm
I hadn't heard that.

iVillage Member
Registered: 08-31-2003
Sun, 10-12-2008 - 11:30pm
Thanks, I have heard of this practice.
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