Man lives in the sunlit world of what he believes to be reality. But… there is, unseen by most, an underworld, a phenomenon that is just as real, but not as brightly lit…Tales from the Darkside? Nope! Tales from the Debtside.

  • Debt is the toxin that feeds fear and fear is the toxin that feeds debt.

  • If you buy more than you need, you gain more debt than you want.

  • The person who thinks debt-free life is possible is the one who is going to get rid of debt in life. Make real effort to do so.

  • We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light - Plato

  • Any credit repair company that promises to remove legitimate bad debts from your credit history is lying.

  • Under the Consumer Credit Protection Act, such information remains on your credit report for about seven years.

  • The disappearance of bad credits, if any, is only temporary.

  • For help, check out the National Foundation For Credit Counseling.

Craving for Credit is the real problem!

We live in such a consumer driven society - credit cards just help us get what we want when we can't afford it. In our society we overeat, overspend, over consume. In general - donuts and credit cards are not the problem, our constant craving for food and credit is the real problem!

The Credit Card Song by Old Man Pie

Ahead of its time this is a cartoon animation that's been up on the web since 2006 and is all about the credit crunch crisis.

Credit card spending and loans from banks are in their trillions of dollars and something has to give. We no longer spend what we have earned, we spend what we haven't earned on the back of house price rises and yet more loans.

The banks are prospering and fat cats are awarding themselves massive bonuses, but it cannot continue.

Beware the debt time bomb may bring the walls of the western world clattering to the ground.

Debt Menu






The Rich Turn To Massive Garage Sales

Friday, May 29, 2009, 6:42 AM | Leave Comment

Nothing in this world has remained unchanged. Like they say “the only constant on this earth is change, change, change.” Many people have a hard time grasping this. If folks have their own business or a line of business – for example, show business, arts and entertainment, real estate, construction and others – and they […]

Default Rates Are Soaring On Student Loans

Wednesday, April 22, 2009, 4:02 PM | Leave Comment

Article on “Student Loans: Default Rates Are Soaring” by Anne Marie Chaker published on APRIL 20, 2009. Excerpts from the article: Defaults on student loans are skyrocketing amid a weak job market for graduates and steadily rising tuition costs. According to new numbers from the U.S. Department of Education, default rates for federally guaranteed […]

Borrowing For Car, Home and Education Often Turned Down

Tuesday, April 21, 2009, 7:04 AM | 1 Comment

Article on “Banks Take Billions From TARP, but Give Fewer Loans ” by Russell Goldman published on April 21, 2009. Excerpts from the article: Crunching numbers provided by the Treasury Department, the Wall Street Journal Monday found that the biggest recipients of the government bailout made or refinanced 23 percent fewer new loans in […]

4 Tips To Handle Bill Collectors Calling For A Dead Debt

Thursday, March 19, 2009, 7:07 AM | 1 Comment

Just a few days have passed when a loved one passed away. The phone calls from bill collector agency, mostly bogus, come when people are most vulnerable. The bogus agencies struck recently in Mississippi, where at least half a dozen grieving families were phoned with the startling news. Their dearly departed had owed a large […]