Topic: Cash Pay Advance - America driven to excessive spending - News Item
According to an Associated Press article that ran last week, McMahon and his wife, Pamela, are $644,000 behind on mortgage payments on the multimillion- dollar home he bought in Los Angeles in 1990. In March, according to the AP, Mike Garmone, a regional vice president at Countrywide Financial Corporation, woke one cold Saturday morning in his Cleveland home to find thousands of tiny plastic sharks littering his yard, doorstep and gutters while 42 members of the East Side Organizing Project passed out fliers and yelled through bullhorns. That’s exactly what a mortgage is, a contract between a buyer and a lender ensuring the buyer will give a portion of his paycheck every month to the lender for the right to call a house a home. The house was infected with toxic mold, which killed their dog in 2001, and they spent much money and time in court. It’s not the money you manage, it’s how you manage your money. I got home that night, balanced the checkbook, set aside money for rent, utilities and car payment and realized I only had $10 for gas to get me to the next payday. Find Out More
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