Saturday, May 26, 2007

high price for easy credit

The $ of rate for little things like having a savings account has became harder over the years ever since the mid 80's. The interest rate for multiple types of loans have gone up a dramatically . This has put many Americans in debt because the loans turned out to be whole lot more then they assumed from the get go. An average family like the one in the newspaper make 66,000 $ a year. This is pretty average for an American family but with rate percentages going up they figure taking out varoius loans can help them away from debt but instead makes it inevitable.

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