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- 1. Caveat OFW – Scammers at the Gates, Part 1
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Monthly Archives: September 2011
The Curse of the Passersby Chasers and the Bastardization of the Credit Card
Take this post as a rant or call it anything. It is difficult to talk about “modern day debt slavery” as we mentioned in the last post, without getting angry at the perpetrators.
In an even earlier post, we discussed about the “Curse of the Plastic – Why We Should Beware of Credit Cards.”
Well, it is the same “curse” that is worth discussing hundreds of times. We need an overkill on this very important issue.
Credit card debt is like an “Achilles heel”, an area where common folks like us, are most vulnerable. It is so pointless trying to save unless we solve our vulnerability to get victimized by this curse.
Posted in Credit Cards, Debt Crisis, Savings Discipline
Tagged " bouncing checks, "The Curse of the Plastic - Why We Should Beware of Credit Cards", 'Be Investment Literate or Go to Jail - Tales of Modern Day Debt Slavery, Achilles heel, ambulance chasers, elementary rules of credit, modern day debt slavery, passersby chasers, subprime fiasco, the bastardization of the credit card, the curse of the passersby chasers
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Be Investment Literate or Go To Jail – Tales of Modern-Day Debt Slavery
After the rather drab tutorials of the last two posts, it is time we take up again more controversial issues; they seem never to run out nowadays.
About two weeks ago, my attention was caught up by stories of our countrymen, fellow OFWs, as well as expatriate workers from other third world countries, being caught in debt trap in one of the oil-rich kingdoms of the Middle East.
Posted in Debt Crisis, Savings Discipline
Tagged ", "About Unwanted Risks and Burdens, Be investment literate or go to jail, Filipinos caught in credit card trap, New York Times News Service, Tales of modern day debt slavery, The Four Telling Signs of Lack of Investment Literacy, The Richest Man in Babylon
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