Faith in oneself.. is the best and -PART I

Safest course... Michelangelo

This is a genius from the past, and many of of us have never even heard this quote. Why?

When it comes to us, when need to have a personal discussion within ourselves when making purchases. The same discussion within our voices within, as if we were at the bar wanting one more drink, same as a married man or women gets an invitation from another, same as young man gets a thought to steal, same as business man gets a thought to be unethincal.

Trust yourself, and that small, quite voice that sounds like 50 miles away. If your not religious then follow the guidlines of what is Right and Wrong! Does it make sense to purchase that item on a credit line that has already a heavy balance?

See they trick you as a business and they have no default by law, but you do by making those purchases.
Ex: You have all heard of the 0% financing for some many months-- Granted sounds like a deal! Right?

CAN BE, IF YOU PAY IT OFF BEFORE THE TIME PERIOD ENDS.
(Why is that in caps) I have to disclose that it is important.

Many don't know that if you charge a 1500 dollar tv at 0% and then say you have 1 month before that expires you have a balance of only 100 dollars. Your next statement will get hit will the interest from the "ORGINAL" amount borrowed???? WHAT???

Thats right the interest of about 20 or 30% is added on your next bill based on 1500 dollars not what you have left.

I used to work for a company that did those finances 0% things. We had a list every month that all the folks in the office could call on and solicite loans to refinance that amount.
Here is an example of the call: "Hello this is jason with XYZ financing, I see that you have a 0% financing on that big screen that is set to expire in exactly 32 days with a balance of 720.00, would you be interested in stopping in today to look at possibilities of refinancing that and lowering your interest?

NO, I have a 700 fico score quit calling- customer
Well, then I suggest you do a balance transfer- Sales Man
WHY- Well then you will have an interest bill of X amount of dollars because it is based on the ORGINAL amount not what is left and customer interest on that 2500 dollar tv, and 1000 dollar surround sound can be pretty pricy. Are you going to pay that off in 32 days.
No, they have cut my overtime.
Great- when can you come in for a review, and bring you paystubs and drivers license...

Yea I quit exactly 1 year after that..

I had faith in myself, I was scared but I knew it was a safe bet...

Believe in yourself,
I know that once this gets up and running they will be comming, I'm ready because not doing business ethically, has got the current economy in the problems that it is in.

Too be continued...

"Credit Professor" aka credit crunching, cigar smoking, crazy man