Gordon Oliver: Usury-Credit Weakens our Economy

Today, The Two Mikes spoke with the spokesman of one of our
sponsors Gordon Oliver from Cambridge Credit Counseling
Corporation, which is a non-profit organization.

Mr. Oliver said that, as we all know, there is growing tension in
the country as Americans worry about what the Biden administration
is doing to steadily weaken our economy, as well as what the
Supreme Court will decide about Biden’s desire to unilaterally
forgive student loans. The court already has ruled against the plan
once, and its next decision on the issue is likely to be rendered
in the next few weeks. If the Court again rules against a second,
Americans with student loans can expect to be required to resume
paying their loans 60 days after the Court’s decision.

Mr. Oliver noted that this is a very serious moment for people
without much wiggle-room in their budget, as $350 or more may be
added to a person’s or family’s monthly budget if Biden fails, even
as the cost of other monthly expenditures steadily rise. He spoke
frankly about the dangers of dealing with companies that offer
debt-relief help on "special" late-night deals on television, those
who offer pay-day loans, on which interest can be 30-percent or
more; and banks where interest rates of loans for people with debt
problems could be up to 20-percent.

He also said that an attempt to acquire new lines of credit to pay
for student or other loans could hurt a person’s credit score
because the credit agencies are knocking 35 points on loan-seekers'
credit score for each line of credit they seek to establish.

Over all, Mr. Oliver concluded, it would safer for a person worried
about student loans and/or the monthly cost of living to get advice
from Cambridge regarding their options on how to set up a monthly
budget that best fits monthly income, and, perhaps most of all, to
discuss these matters with a well-established company that treats
those interested in its services as adults who are capable of
building their own economic security with a little calm, timely,
and common-sense help.

Sponsors CARES Act Stimulus (COVID-19) Employee Retention
Tax Credits (ERC):
https://www.jornscpa.com/snap/?refid=11454757
Cambridge Credit: https://www.cambridge-credit.org/twomikes/
EMP Shield: https://www.empshield.com/?coupon=twomikes
Our Gold Guy: https://www.ourgoldguy.com


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