Personal Finance Reading – May 15

weekly readingFor those that are trying to reduce their debt, the sad facts are there are a number of scams out there that prey on people with money troubles that promise them a way which will only leave them even more in debt. One of these is one where they claim bank credit cards are operating illegally:

Through strange leaps of logic, the scammers claim that credit card banks are actually operating illegally, and so you never really borrowed any money when you used your credit cards! Therefore, you don’t really need to pay anything back. You just have to follow their system and the debts will go away because the banks don’t want this knowledge disclosed to the public!

The scammers take adv

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[Continue Reading at SavingAdvice.com]

This entry was posted in Credit Cards, Debt, Food / Groceries, Investing, Saving Money. Bookmark the permalink.

2 Responses to Personal Finance Reading – May 15

  1. BigBuddha says:

    I’ve seen a number of these “debt reduction” programs on the internet where you pay someone to show you how to magically reduce your personal debt.

    Word to the wise, all information regarding personal finance and debt reduction can be found on the net for free … there’s no magic formula

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