What do you think of the Chicago Public Schools? Payday loans and mortgage loans, home loans?

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2 Comments
  1. Reply
    Sharon T
    April 29, 2011 at 10:06 pm

    Not being from Chicago, I’ll pass on that one.

    Debt can be divided into two categories: Good debt and bad debt.

    Good debt is for something that is likely to go up in value, such as well-chosen real estate (mortgage).

    Bad debt is for things that go down in value: Cars, boats, RV’s, living expenses charged to credit cards.

    It is fine to use credit cards if you have the self-discipline to pay them in full each month so you aren’t paying interest.

    Payday loans are just horrible! They are like stepping into quicksand. Before you know it you are up to your neck in muck!

  2. Reply
    mikewonaus
    April 29, 2011 at 10:24 pm

    I attended 3 Chicago Public Schools from 1960-1966 & always remember feeling exceptionally blessed to enjoy a standard superior to what was percieved to be acceptable in the rest of the country.
    I think arithmetic taught in the Illinois school system was more than enough to enable recognition of the faults of loan systems.
    Seems like an early lesson learned was something about
    “If everyone bought a car with cash instead of credit, the roads death toll would be reduced by 80%” or something to that effect…
    I’ve always considered banks & ‘financial institutions’ nothing more than legal ripoffs & plunderers of the stupid!
    Vacation Bible School in Pekin, Illinois [1957], jest south of Chicago, was probably the most influential & effective school ever!.

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