the other way to deleverage.

Apparently there are two waws to deleverage pay off loans or default. We've been doing the latter, which seems much easier come to think of it. Must write Dave Ramsey. ------------------------------------- The sharp decline in U.S. household debt over the past couple years has conjured up images of people across the country tightening their belts in order to pay down their mortgages and... [more]

Apparently there are two waws to deleverage pay off loans or default. We've been doing the latter, which seems much easier come to think of it. Must write Dave Ramsey. ------------------------------------- The sharp decline in U.S. household debt over the past couple years has conjured up images of people across the country tightening their belts in order to pay down their mortgages and credit-card balances. A closer look, though, suggests a different picture: Some are defaulting, while the rest aren’t making much of a dent in their debts at all. http://blogs.wsj.com/economics/2010/09/18/number-of-the-week-defaults-account-for-most-of-pared-down-debt/ [less]