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Re: hardilaziz' comment
You've missed the point of the article. Nonperforming loans are not due to the rich, but people who have borrowed recklessly and with no business plan. This article is for people who have no hope in getting out of debt. Now, there is a painless, and organized, program available to accelerate the pay-off of loans. Most people are too skeptical, and mostly conditioned by lender sponsored advertising, to try anything different except the same old way of plodding along wasting money. The young, however, see the merits of this approach so, hopefully, they won't be repeating the futile financial mistakes of their parents.
Debtmaster
posted by
debtmaster
on April 6, 2009 at 7:14 PM
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The rich do not want to squander their own money, so do the less privileged. The rich love speculating on shareholders' funds, the others obviously do not have access to such funds. Bulk of the non-performing loans of banks and finance cos is attributed to the wealthy borrowers.
posted by
hardilaziz
on April 3, 2009 at 5:10 AM
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