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Chapter 2: The Big Cycle of Money, Credit, Debt, and Economic Activity Published on April 23, 2020 April 23, 2020 ⢠5,991 Likes ⢠378 Comments If you cash in your retirement account to pay bills, that money is no longer protected. Chapter 13 can even be a safer way to keep your vehicle. ", adjustable rate mortgage; mortgage loans where the interest rate is adjusted periodically, a widely held but mistaken belief; a falsehood, first charge card (credit card) in the United States; started in New York City, take care of your debt using The Debt Snowball approach, "fleece" is a term for conning people; he believes that leasing is a con to people, should be viewed as a product aggressively marketed to consumers by creditors. Type of card, often bearing the seal of a major credit card company, issued by a bank and used to make purchases; unlike a credit card, the money comes directly out of a checking account; also called check card. It's not clear to me how that's so. 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