Hi there, and welcome to those stopping by from the editorial in Today’s New York Times that was spurred by the article from John Leland a few weeks ago titled, “Debtors Search for Discipline Through Blogs.”
I thought I would take a moment to welcome you and to repond to the Editorial.
My general feeling about my credit card debt is that we alone are responsible for it because we were living beyond our means. However, some of their practices (like the Editorial suggested) are downright shady. The universal default clause is a horrible practice and I am so glad that Citibank did away with it!
Our credit cards gave us plenty of rope to accumulate $37,000 worth of credit card debt with credit lines that were more than our yearly income! Again, I do take responsibility for our use, but if you think about some of the practices that credit card companies employ to keep you in debt and keep you paying interest…it is saddening to say the least.
I am one voice on this blog, but what I am finding out is that there are so many others out there struggling just as we are. I have learned that I am definitely not alone with our debt burden and prior financial mistakes. And that is what my blog is about – I am working to make things right and get our financial house in order.
I have a year’s worth of posting on here so feel free to browse around. A good place to start is by going to my archives on the right hand side of my blog.
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Thanks for stopping by 🙂