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Neither a Borrower nor a Lender Be

This morning, I got a 7:00 AM wake-up call from one of my wife’s distant relatives. He wanted to borrow $2,000 and he sounded pretty desperate. […]

3rd Anniversary of the Credit CARD Act

Last week quietly marked the 3rd anniversary of the passage of the Credit CARD Act of 2009. This law reformed the credit card industry and prohibited most unfair practices. […]

Money Fail: Lenders of Last Resort

Whenever I think of Lenders of Last Resort, I think of Gary Coleman and Montell Williams. I also think of the Payday Loan stores, conveniently located downtown and next to military bases. They are waiting for a weak moment in someone’s life to entice a new customer. […]

Money Fail: The Payment Mentality

The advertising industry has done a fantastic job of convincing everyone that payments are the new currency.  It’s now considered old-fashioned to save up for something before buying it.  Instant gratification is becoming the norm for young people.  Those who save up and pay with cash are a dying breed.

This is the third post in […]

Walmart Credit Card Quotas

This weekend, as I was saying “No” to a Walmart credit card for the hundredth time, I noticed a quota board behind the head cashier. It appears each cashier in the San Clemente store “Must Have 15 C/Cards Daily!”. […]