Tuesday, November 1, 2011

Credit Jihadist and former debt collector Steven Katz: Take this APR and Shove It

Credit Jihadist and former debt collector Steven Katz runs Debtorboards.com which teaches tactics to slide out of spiraling debts and stick to to the big banks.

Is it immoral to disavow debts with bankers who spiked your economy knowing it wold impact your ability to pay? How about when they talk you into mortgages with an Adjustable Rate, often as a re-fi, which they tout as good financial sense, then have your monthly nut triple and your interest rate rise? What about on cards where the rate jumps from 6% to 18% overnight?

Eff em. Take your money out, put them in credit unions, and don't honor your debt. Lets tank these banks.

Take this APR and Shove It

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