As We Suspected, Most Bankruptcies Are Impossible To Pay Off
By Elaine Meinel Supkis
The increasingly draconian bankruptcy laws the credit card companies have gotten through Congress aren't giving them the desired results: more loot. Of course, they get money at 2.5% interest and then reloan it for 25-30% interest but we aren't supposed to notice this gigantic profit for them. They want every penny plus a pound of flesh.
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