One in Five Expect to Borrow to Heat Homes This Winter

[donsu]

http://finance.yahoo.com/banking-budgeting/article/104038/One-in-Five-Expect-to-Borrow-to-Heat-Homes-This-Winter


For perhaps as many as 27 million American adults, keeping warm this winter will mean borrowing money and 20 million will use credit cards to be able to afford their heating bills, according to a CreditCards.com poll.
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but the question is - will those loans, credit cards, be paid off before next winter?

will heating costs be a rolling debt that rolls people right out of their living spaces?

[Faygo Kid]

1. George Bush's America. This nightmare must end.

[gristy]

2. I've seen this headline before. What I don't understand is why does

someone borrow to heat one's home? How does one borrow to heat one's home? Do you go to the bank and take out a loan? No - you put it on your credit card, according to the article.

The correct headline would be "1 in 5 expect to add to credit card debt this winter". To say they are "borrowing to heat homes" is simply sensationalism.

on edit: spellin'

[donsu]

4. heating costs are sensational - yes you can go to the bank and borrow money

or borrow from family, friends, associations, etc.

[Vanje]

3. We're living beyond our means

Just to live.