It wasn't all that long ago that
American's faced great financial crisis. As a nation, we struggle
with debt, and it keeps us from achieving a better life. Debt
Education is here to help you change all that ... just ask!
REAL PEOPLE ... CARING ABOUT REAL
ISSUES
What is Credit?
The concept of borrowing and lending dates back to ancient times.
As it is with the way of the world, when a need arises and it
is realized that a profit can be made, someone will offer to fulfill
the need. When borrowing is used wisely and effectively, the transaction
can be beneficial and rewarding to both parties. It must be understood,
however, that when you're extended credit and then proceed to
borrow against it, the used-up credit instantly becomes debt.
Think of credit as "spent future income."
There are times when spending future income can be very beneficial.
For example, when used wisely to purchase sound, solid investments
or for education. In both of these cases, the borrowed funds could
lead to greater future earnings. When your future income is spent
on non-essentials or consumables which depreciate, the borrowed
funds could lead to disaster, and perhaps a life of financial
bondage.
There's a lot of information to read through on the Debt Education
website, but we feel this is extremely important material. We
strongly recommend that you bookmark
this page right now. This will allow you to read
at your leisure, and should you need to attend to other matters,
easily return back here at your convenience.
The Debt Education website was built for you. Please explore
our website. You'll find resources and information on virtually
every aspect of financial planning and money management. These
debt delp resources are designed to help you get out of debt and
stay out of debt. You can achieve financial independence.
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Debt Education PO Box 5156, Santa Cruz, CA 95063
