http://www.hshmarkettrends.com/blog/?p=257 Our take on the consumer finance markets Mon, 21 Jun 2010 17:38:42 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.hshmarkettrends.com/blog/?p=257&cpage=1#comment-3632 credit debt Sat, 08 Aug 2009 07:15:15 +0000 http://www.hshmarkettrends.com/blog/?p=257#comment-3632 Yes credit cards are convenient, but we know their drawbacks. Most folks swiping their cards these days are in debt. Credit card fees drive up prices. Also, each credit or debit card transaction you make is recorded so that profiles of your consumer behavior can be bought and sold. Soon, law enforcement will be able to monitor us in real time as we make credit transactions (great in the case of Amber Alerts, not- so- great for the rest of us who like to move about freely). Yes credit cards are convenient, but we know their drawbacks. Most folks swiping their cards these days are in debt. Credit card fees drive up prices. Also, each credit or debit card transaction you make is recorded so that profiles of your consumer behavior can be bought and sold. Soon, law enforcement will be able to monitor us in real time as we make credit transactions (great in the case of Amber Alerts, not- so- great for the rest of us who like to move about freely).

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