Lately you may have heard commercials for Cash Call Mortgage touting how easy it is to borrow money. A lady says she needs to replace her roof, and she asks, “Can you help me?” A man says he got a new job but will not get a paycheck for a month and asks, “Can you help me?”

Of course the answer is yes, and they say things like, “We can loan you the money your need, because we trust you. Go ahead and borrow money for cash flow just like the big corporations do.”

This is so deceptive and dishonest. To advertise to someone who did not have the sense or ability to set aside enough money to last ONE STINKING MONTH and compare him or her to big corporations borrowing money for cash flow is ridiculous.

However, these commercials don’t surprise me since 90% of the population has been taught nothing about how to handle money effectively, or do a personal budget, or a balance sheet, or an income and expense form, or even how to save for emergencies.

The problem is the burden of interest costs because people lack the knowledge. And these companies take advantage of that.
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