Wednesday, May 09, 2007
Managing Debt and Credit
Credit was once defined as "Man's Confidence in Man." But in fact, the definition of credit today is
more like "Man's Confidence in Himself." Using credit today means you have confidence
in your future ability to pay that debt. Forty years ago, your parents may have
paid cash for their homes and their cars, a largely unheard-of event today.
If they borrowed money at all, chances are it was from a relative or friend,
and not a financial institution. Continue Reading....
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