DebtReductionBlog.com

The news today is not good if you take time to read the story that wrote the story.  The story is simple enough: “Visa profit jumps 28%“.  Well, that’s going to happen when consumers just like you and I start using our credit cards to make purchases best left to cash.  I paid $60 to fill my tank today; that’s $30 more than it would have cost just a couple years before. .  Fortunately I’m able to pay cash for fuel and food purchases, (for now).  But, for many Americans maybe that’s not the case?  Just thinking out loud…(or at least writing silently in my office).  It seems to me that a sharp increase in anything has outside contributing factors such as, oh, I don’t know…basic living expenses; food and fuel come to mind.  I think fuel especially since that is easier for me to measure than how much I’m paying for a burrito at Chipotle Grill.

Watch what happens in a couple quarters when things get really bad.  Housing inventory will skyrocket as default on other credit rides the wave.  Banks will go under from the weight of crushing debt turned bad.

You need to protect yourself and your family.  Reduce your debt now while you still can.  Pay down the higher interest debt to start and then work on the other stuff.  It may seem hard but it’s not as hard as being saddled with debt and trying to fight off inflation too.  You have to really want debt relief before any plan comes together.  Drop me a quick message if you want me to answer any question or questions about debt settlement, debt consolidation, or just debt reduction in general.  I’m here to help.

Ok, talk with you soon!

Davd B