If we are in a credit crisis, how come I keep getting those robocalls telling me they can lower my interest rate on my credit card?
And since I pay it all off every month, are they really offering to lower me to less than zero?
[No, I thought not.]
Showing posts with label consumer credit. Show all posts
Showing posts with label consumer credit. Show all posts
Tuesday, December 23, 2008
Wednesday, April 04, 2007
Ne Exeat
The must-read daily newsletter of the American Bankruptcy Institute yesterday linked to this extraordinary piece about debt among the military (link). Takeaway point: "The number of U.S. troops barred from overseas duty because of deep personal debt has climbed substantially in recent years...." [The linked account credits the Associated Press, but I never saw it in any general news source].
The index here is the security clearance. Apparently if the service person has too much debt, he loses his clearance--and the number of clearances revoked for financial reasons grew more than nine times between 2002 to 2005--from 284 to 2,654 (and apparently still climbing).
Apparently if you lose your security clearance, you may lose your chance to go overseas. As Buce's Wichita bureau points out, there's a rich irony here: as a device for getting out of overseas service, buying a new Hummer sure beats shooting yourself in the foot.
The index here is the security clearance. Apparently if the service person has too much debt, he loses his clearance--and the number of clearances revoked for financial reasons grew more than nine times between 2002 to 2005--from 284 to 2,654 (and apparently still climbing).
Apparently if you lose your security clearance, you may lose your chance to go overseas. As Buce's Wichita bureau points out, there's a rich irony here: as a device for getting out of overseas service, buying a new Hummer sure beats shooting yourself in the foot.
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