Considating debt...not good, says professor

Wojtek Sokolowski sokol at jhu.edu
Fri Jun 7 11:47:35 PDT 2002


At 11:18 AM 6/7/2002 -0700, Kevin wrote:
>University of Alabama at Birmingham
>7-Jun-02
>
>
>Real Cost of Consolidating Credit Cards
>Library: BIZ
>Keywords: REAL COST CONSOLIDATING CREDIT CARDS
>Description: Unless there is an expectation of paying
>off consolidated debt on a new credit card offering
>short-term low interest, consumers should not fall
>prey to such advertising gimmicks, says a UAB
>economics professor.
>
>

Ditto. Chapter 7 bankruptcy works much better, especially with unsecured debt. Do not leave home without it.

wojtek



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