Thursday, July 26, 2012

Change Dot Org Debt Neutrality Petition, Check it out.

Click here to check out the Change Dot Org Debt Neutrality Petition. Consumer credit card and student loan debt in the U.S. is stated at around 2 trillion dollars.

This is actually a misrepresentation. Credit Card debt is regularly discharged when people don't pay, but the debt still remains and many times a court order is obtained on that debt even though it no longer is counted by the government as credit card debt. Gasp.

ALL credit card debt, not just active debt, is probably around 2 trillion dollars, not one trillion dollars. And lets not forget that damaged credit scores result in even higher interest rate charges in the future.

3 trillion dollars in consumer debt works out to 1 billion dollars a day for the entire year. Another way to look at it, 50 million americans pay 20 dollars each, every single day, just to make the interest rate payment on the 3 trillion dollars in debt!

Isn't it time to suspend interest rate charges on that 3 trillion dollars in debt? Please sign the Debt Neutrality petition at Change dot org.


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I've created a Credit Card Product that can reverse the record setting 1.1 trillion dollars in consumer credit card debt at record high interest rates. Saving So Help Me Todd is my present passion, as is helping unfairly Banned by Linkedin Members get back on LinkedIn. Past passions have included winning a Los Angeles Emmy and also an Internship Scholarship from the Academy of Television Arts and Sciences; Creating the "Legalize Los Angeles Home Based Business Video" that was viewed by City Council staff before LA City council voted 12-1 to pass legalizing Los Angeles Home Based Businesses in 1997; and having an incredibly low budgeted Opera Video win a Los Angeles Emmy that was featured in a successful campaign to approve a 75 million Education bill for the Santa Monica area.

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