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Typically, students slide into debt through the extension (by credit card companies) of unaffordable credit lines.
quote by Robert Manning
Submitted by Lucian Velea
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Credits and discredits
To love back one who loves you
Is not a credit that you deserve.
It is a debt cleared.
To love one who doesn’t love you
Is not a credit that you deserve.
It is your investment.
To love one on sexual ground
Is not a credit that you deserve.
It is to feed your hunger.
Though you deserve no credit,
If you don’t employ such loves
You will get discredits.
27.02.2010
poem by Rm. Shanmugam Chettiar
Submitted by Poetry Lover
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Losing Patience
If one is the owner,
Of another's debt.
And that other one's life,
Has been enhanced by loans and credit,
Kept.
Who is more indebted?
The one who's lifestyle has been fed,
On the achievement of good credit ratings?
Or the one quietly...
Losing patience instead?
If one is the owner of another's debt.
And one of the two brags about a greatness kept.
While the other has sat patiently...
Listening to the boasting,
Of one exposing a pumped up chest!
Which one do you think eventually...
Will extend an upper hand?
And which one will admittedly,
Will express regret and on nothing to stand.
On which can be declared is theirs to own?
Not if one is accustomed to living indebted,
On borrowed finances another loans.
Which one do you 'think' will be left to moan?
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
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Fresh Debt Offerings
Yes...
My credit is bad.
It has been for a long time.
But guess what?
Even though I didn't start that trend...
I now feel more American and patriotic than ever!
My credit has been bad for so long...
It has become good with fresh debt offerings!
Visa and Mastercards with applications sent.
With approval guaranteed...
If I should call within 24 hours.
Yes!
Whether or not I am penniless.
And at one time I felt ostracized,
Because I had no credit at all!
And today I've become embraced,
As a true American.
After more than 400 years!
And many stolen inventions.
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
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Over Now
Good night...
Yeah, its over now, but I can breathe somehow
When its all worn out, Id rather go without
You know its been on my mind
Could you stand right there
Look me straight in the eye and say
That its over now
We pay our debt sometime
Well its over now, yet I can see somehow
When its all gone wrong, its hard to be so strong
You know its been on my mind
Could you stand right there
Look me straight in the eye and say
That its over now
We pay our debt sometime
Yeah, we pay our debt sometime
We pay our debt sometime
Yeah, we pay our debt sometime
Guess its over now, I seem alive somehow
When its out of sight, just wait and do your time
You know its been on my mind
Could I stand right here
Look myself in the eye and say
That its over now
We pay our debt sometime
Yeah, we pay our debt sometime
We pay our debt sometime
Yeah, we pay our debt sometime
song performed by by Alice In Chains
Submitted by Lucian Velea
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He getteth a great deal of credit, who payeth but a small debt.
Debt and Effect
Do you like to do what you like,
Have dream to live luxurious life,
Buy a car, house or household,
Have planning to tour the world
Or want to own valuables, then flaunt,
Taking mate shopping or restaurant,
Short of money? Loan makes it easy.
Credit card can make you more crazy.
Though this truth is well accepted
Most of rich men are highly indebted.
But when you will realise its effect
Immediately say good bye to debt.
Pay heavy interest on the principals,
Receive agent’s debt collection calls.
In debt your mental peace is lost,
Miss planning and opportunity cost.
Your mind always loaded with tension
How to clear loan? Asking the question
Go for another loan or curtails expense
How fast repay and get out of the mess
Major earning is lost in paying interest
I feel, remaining debt free is the best.
(c) S.D.Tiwari
email [email protected]
poem by S.D. Tiwari
Submitted by Poetry Lover
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This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.
Credit In The Straight World
And I will awake
Your highness- Im so high I cannot walk
And I will awake
You cripple, you take away my time, my peace, my empathy
No babies sleep on atrophy
Your unborn love and fetals dree
My bitter [ ] legless caress
Go for credit in the straight world
Look a dealer in the eye
Go for credit in the real world, wont you try?
I got some credit in the straight world
I lost a leg, I lost an eye
Go for credit in the real world you will die
Its the credit in the straight world
Leave your money when you die
Lots of credit in the straight world gets you high
I got some credit in the straight world
I lost a leg, I lost an eye
Go for credit in the real world, you will die
song performed by by Hole
Submitted by Lucian Velea
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When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren't going to keep on giving us cheap rates.
Social Insecurity
Strapped Seniors use credit cards ‘stead of cash
To stay afloat, after losing their stocks n’ bonds
Yet more victims of another Wall Street crash
“Let them eat cake” is what the Fed responds
ROTMS
From Reuters Article 10/23/2010
Retired and broke: Why retirees are declaring bankruptcy
For more and more seniors, retirement doesn’t mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bankruptcy, according to a recent study by John Pottow, professor of law at the University of Michigan Law School.
Those aged 65 and older represented seven percent of bankruptcy filers in 2007, a mind-boggling jump from 1991. They are the “fastest-growing age demographic, ” according to Pottow’s study.
What’s the culprit for so much debt? Credit cards. Two-thirds of Americans who filed for bankruptcy said credit cards were the key reason for their financial problems, according to Pottow’s research. Besides having more credit card debt compared with younger bankruptcy filers,44.8 percent of those aged 65 and older also had more plastic in their wallets. “They’re using credit cards as a maladaptive coping mechanism, ” Pottow says.
Stephanie Osterland, a supervisor in the bankruptcy department at GreenPath debt solutions, sees an increasing number of seniors living beyond their means. Says Osterland: “They’re just trying to live off of a fixed income, and that’s usually Social Security. Maybe they have a small pension. We find they’ve used credit cards to supplement that income and expenses or they just end up getting into a lot of medical debt.”
In addition to escalating medical expenses, seniors have seen their portfolios hit hard by the lagging stock market. Carolyn Rodi of Saving Your American Dream says those considering bankruptcy should see a credit counselor at a non-profit organization to get their finances in order.
Credit counselors, such as those at GreenPath, help the elderly deal with a stressful situation. “We try to help them focus on what it’s going to look like” after they get out of debt, Osterland says.
Rodi also recommends that potential bankruptcy filers seek out pro-bono legal aid. “There are a lot of elderly people that are being taken advantage of by bankruptcy attorneys and mortgage brokers who are advising them improperly to pay for the bankruptcy, take out a reverse mortgage or to do things that aren’t in their best interest, ” she says. ”If you have no income, why should you borrow to pay someone when you can get free legal aid? ”
What are the chances of a senior paying off his or her debts? It’s difficult to determine, especially because seniors tend to be on a fixed income. And while finding a job — such as a WalMart greeter — seems like a viable option, it is not necessarily feasible for all seniors to work.
In addition, whether or not a person declares Chapter 7 (which involves the liquidation of one’s assets) or Chapter 13 (which allows debt restructuring) bankruptcy can be a significant factor in determining what one’s lifestyle will be. “If you have to file for Chapter 7 bankruptcy, you may be able to find affordable housing that allows you to just get by, ” says Rodi. “Chapter 13 lets you keep your house and doesn’t touch your retirement savings.”
Regardless, filing for bankruptcy is very stressful for anyone. “A lot of our clients in that post-retirement age have a hard time coming to grips with their situation, ” Osterland says. “It’s very emotional for them. We try to focus on the future and see if this debt can be lifted off their shoulders.”
poem by Ray Lucero
Submitted by Poetry Lover
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Remembering Grandpa
grandpa was strict
i remember
for a Red Cross Donation
that i asked from him
and which he considers
as my debt
he did not forget
to remind me and
thus collect
i was then 12 and he
was 60
i was disappointed but
he did not mind
a debt is a debt and must
be paid
the years may have buried
him for good
but the memory of a debt
paid still lingers
the numbers are clear
as always
some words may have faded
but the feeling
sticks like a scar
in my face....
poem by Ric S. Bastasa
Submitted by Poetry Lover
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High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
quote by Ruben Hinojosa
Submitted by Lucian Velea
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Right now, a majority of the debt is owed to foreign interests, Japan being the largest purchaser of government debt today, soon to be surpassed by China as the number one purchaser of our debt in this Nation.
Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.
quote by Gianni Agnelli
Submitted by Lucian Velea
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It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
quote by Daniel Akaka
Submitted by Lucian Velea
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725
725
thats the score of my credit
damn, im so proud
avoidin the debt that so many have allowed
i cant get laxed and go beyond my means
that 7 2 5
let me tell you what it means
one of the few in my family
to finally get right
to not buy the benz and live in the projects
thats just not right
my 725 makes my jetta like a rover
oh my credit, it stands strong like a soldier
dont laugh at my happiness
or try to bring down my high
because im so caught up in my 725
now you may laugh and say
whats the big fuss
your only 21...soon that number will hit the dust
well to those naysayers
who laugh at my seven hundred plus
i may be 21....but i know about stocks, bonds, and trust
im an educated man
about to graduate with my BA with an MA on the way
the costs Im savin already
i worked hard and kept my champagne desires at bay
that 725 will stay with me forever
my desire and determination to let it be
to not let those videos and magazines deter me
keep the rims on the escalades
keep the spoilers on the beemer
cuz my 725 is on my side, its a keeper
so i hope you remember my favorite number
its 725
i keep my eyes on my credit
like a sex aholic lookin at a thick gurl's thighs
watch out world
cuz im focused, with my big eyes opened wide
hard earned save money
it all started with a 725
poem by Andre Bradford
Submitted by Poetry Lover
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In Debt So Deep
Once I had been enslaved,
To maintain a good credit rating.
And doing my best to keep,
Timely payments monthly kept.
Then one day a storm came and left.
Loosening a hold to allow peace,
Within me...
To let go of a smothering I chose.
Acknowledging,
I no longer had to prove my patriotism.
I was in debt so deep...
My being a true American no one could doubt.
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
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Mute claimants
The child underwent kindergarten.
The teacher and the parents took credit.
The growth of the brain was a mute claimant.
The stiff cough was at last cured.
The syrup and the pills took the credit.
The white corpuscles were the mute claimants.
She was sexy to men around.
Her make up and costumes took the credit.
Her Oestrogen was the mute claimant.
He was in the heart of many women.
His purse and muscles took the credit.
His testosterone was the mute claimant.
Histories are woven by false threading
08.03.2009
poem by Rm. Shanmugam Chettiar
Submitted by Poetry Lover
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Credit In The Straight World
Go for credit in the straight world
Look a dealer in the eye
Go for credit in the real world
Wont you try?
I got some credit in the straight world
I lost a leg, I lost an eye
Go for credit in the real world
You wont die
Instant credit in the straight world
Leaving money when you die
Lots of credit in the real world
Gets you high
song performed by by Young Marble Giants
Submitted by Lucian Velea
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