Do you even remember what you are paying for?

By
Mortgage and Lending with Credit Repair VIP NACSO Certified

Do you even remember what you are paying for?

Debt is not that hard of a concept to grab.   You need it, you borrow it, and you owe it back.   When you give it back there is no more debt.  Now when you throw in the idea of adding interest to what you've borrowed ... that's when the Kool-Aid begins to stir.

Now when you borrow you are required to give back more than you received.  If you don't, you pay a monetary punishment with exorbitant fees, late charges, over- limit charges, teller fees, withdrawal fees, deposit fees ... you get the point.  Not only do you get the point but you most likely pay most or all of these fees yourself and will again.

Interest rates are ever-changing and with the way the different ways interest is calculated it's not bizarre for a borrower to have to pay several times the amount borrowed just in interest.

How many people use the money on things with substance over the ones with short-term benefits?  The ones who choose the latter are obviously paying for something long after the benefits are gone.

Do you even remember what you are paying for? 

  

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Brian C. Aber
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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. William Gluck 09/10/2010 06:39 PM
Topic:
ActiveRain Community
Location:
Florida
Groups:
Almost Anything Goes
Realtors®
All About Mortgages/Mortgage Networking
Addicted to Active Rain
Arizona Mortgages
Tags:
debt
credit education
credit repair compliance
do you even remember what you are paying for
debt education

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Rainmaker
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Patrick White
Home Driven Realty, Inc - Baldwin, NY
Put our 28 years experience and technolgy to work

Well said Brian.

May 18, 2010 04:44 PM #1
Rainmaker
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Brian C. Aber
Credit Repair VIP - New Port Richey, FL
Credit Repair VIP

Thank-you sir.  Much appreciated.

May 19, 2010 11:06 AM #2
Rainer
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William Gluck
Nationwide Financial Advocates - Camarillo, CA

Great articles Brian.  I've been going through your whole BLOG and I'm very impressed.

I'm definitelty re-blogging this one =)

Sep 10, 2010 06:38 PM #3
Rainmaker
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Brian C. Aber
Credit Repair VIP - New Port Richey, FL
Credit Repair VIP

Thanks Bill. 

Sep 15, 2010 10:57 AM #4
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Rainmaker
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Brian C. Aber

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