Current system of credit and loans have proven?
Credit here there everywhere. Credit means debt and debt means Abuse! Unfair! Disputes over! Underlying issues! Mafia or other Predatory type practices!
You qualify for this. You qualify for that. Take advantage of our low... No money down, easy payment plan, you must have a major credit card. This is from the creditor side and you can call it, A wolf dressed in sheep clothing.
From the debt side, you are getting screwed no matter how you go with credit and loans. If you can not pay now, don't you think you are making it even harder on yourself to pay back later. A loan or credit is just like a meal, it does not last long. Eat it too fast, the sooner you will be hungry again. The more you get the more you want.
No matter how good or bad your finances are, you can always take advantage or a loan. While spending somebody else's money is a whole lot easier and less taxing than spending your own.
Now, I am not too bright, but I am going to prove to you that too easy LOANS AND CREDIT CREATES OUT OF CONTROL DEBT AND OUT OF CONTROL DEBT CAUSES US TO STEAL, KILL AND DESTROY EACH OTHER.
Creditors and barrows? To help disguise the really of it all and to help protect the innocence, the titles keep changing. The bottom line is we are all people.
Frist people that are much smarter and predatory than I, will tell you different, and help and encourage you about getting into good and bad debt. I am here to tell you what you already know, our current system of creating and distributing debt is corrupting and destroying us. They will show you how to take somebody else's money and make money. Well, that is taking the advantage of people and when the people do learn, how do you think they are going to feel? Then they are going to turn around and take advantage of others. Where does this stop? What will happen in case of default? Increase in crimes.
Money was created to help make trading easier, not to take advantage of people.
Debt kills. Peer pressure, Stress Debt and priorities out of wack! Repayment often divert monies from basic life-saving health. Annually, millions of children are being denied, especially, proper health care, inorder for parents to try repaying debts.
Poor people are most vulnerable and pay out much more than they receive. Lenders are basically robbing Further, their children inherit unpaid debts and are unable to pay. Not fair and is a generational curse.
New loans to help pay off the old loans. Even with that, the people normally cannot make the new payments - so they go deeper and deeper into debt.
All of the above causes a huge build-up of unpayable debt and the people who suffer the most, especially the poor. How can we pay over inflated prices?
Future generations, whom are not even born when loans were made inherit our debt and all the problems.
Our current system of credit and loans has proven how it can keep us at odds with each other. Now the next question is how are we going to change?
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