Past Due: Radio 116 – Is Easy Credit Hard To Get?
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Today, we built the whole show around an email that Dave sent in via the mailbag recounting some recent experiences of his. Dave shared that in going to a bank and in going to a store he was offered overdraft protection credit lines and credit cards (for only a $41 purchase!) Dave wanted to know if easy credit was still easy to get since the media makes it sound like no one can borrow money.
I shared how banks work, that they are compensated in many ways – not just through the interest that you pay on debt, and why they are still extending credit to the little guys.
Get Naked: Stripping Down to Money & Marriage – my latest book has just been published!
Easy – Song by the Commodores (hat tipped to Lionel Richie)