This one hit me home: Yolanda has never had a credit card in her life, though she could easily get one. The only debt she and her husband have ever allowed themselves is the mortgage, which she pays religiously, She doesnot by Suze Orman's books or listen to Dave Ramsey's radio show. If you told her that she could save money by spending, she would laugh at you. If you tried to convince her that a new Cadillac was an investment or that a Chevrolet pickup truck meant freedom, she would know you were one of the crazies. Yolanda knows what her children and what many of us do not know: that dreams are built upon sacrifice. They cannot be purchased on credit or with any softer currency.
To learn more about the history of lending, or about he organizations involved in AFFIL, to share your story or learn how to prtect yourself against predatory lending, I'd encourage a visit to www.americansfor fairnessinlending.org. You can also contact them at 77 Summer Street, 10th floor, Boston, MA 02110 ( )