Old Project Avalon Forum (ARCHIVE) - View Single Post - Clear Your Debts 70% of Credit Agreements Are Unenforcable Therefore NON repayable.

Gnosis5 · 11-15-2008, 10:40 PM

That is very smart of you to not have any debt nor credit cards. The usury on credit cards is immorally high and I fell into that temptation but I'm out of it now and paying back all our debts. We have considered closing out by paying just the principle and not the interest. I think that is fair at this point.

Aside from the regret of having fallen in the trap, it has woken me up to the something out of nothing mentality of some bankers. When the confidence goes it becomes nothing out of nothing.

I sure wish we had a jubilee year coming up soon.

11-15-2008, 10:40 PM	#128
Gnosis5 Avalon Senior Member Join Date: Sep 2008 Location: Canada Posts: 1,659	Re: Clear Your Debts 70% of Credit Agreements Are Unenforcable Therefore NON repayabl That is very smart of you to not have any debt nor credit cards. The usury on credit cards is immorally high and I fell into that temptation but I'm out of it now and paying back all our debts. We have considered closing out by paying just the principle and not the interest. I think that is fair at this point. Aside from the regret of having fallen in the trap, it has woken me up to the something out of nothing mentality of some bankers. When the confidence goes it becomes nothing out of nothing. I sure wish we had a jubilee year coming up soon.