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  • Apr 20, 2010
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The characters in this clever, humorous, and entertaining book in the series The Skinny On are a married couple, Billy and Beth who, much like most couples, buy items on credit and, without realizing it, soon amassed a debt of over $20,000 and become very frustrated and afraid. The stick figure of Jim Randle appears, as he usually does, and explains such facts as:
* How they ended up with such a debt.
* Every time they buy something after they have a balance owed, interest is assessed to their loan from the date of the purchase.
* Interest is not assessed even on loans without balances on a yearly basis, but on a daily basis, resulting in a very high interest rate.
* Banks incorporate their credit card companies in States that allow very high rates.
* If Billy and Beth continue to pay what they had been paying monthly, $500, it would take about seven years to repay this debt, even if they buy nothing more on their credit cards.
* He shows them several ways how to shorten the repayment years.
* He suggests that they contact their credit card people and ask for a reduction in the interest rate.
And much much more; all in an informal, non-pedantic, concise, humorous, and engaging fashion. Readers finishing this volume, which takes only about an hour to read, will know more about credit cards than they knew when they started reading, and, what is more important, they will learn to be cautious.

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More The Skinny on Credit Cards: Ho... reviews
review by . November 21, 2012
Here is a simple, but not simplistic, look at the world of credit cards.      Beth and Billy are your average married couple who suddenly find themselves with a lot of credit card debt. Billy feels that as long as he pays the minimum payment each month, everything is fine, but Beth is not so sure. Along comes Randel, the author, to explain to them the reality behind credit cards.      Credit card companies want cardholders to pay just the minimum payment each …
review by . March 14, 2010
The Skinny On Credit Cards is perfect for someone like me who is not a big reader but I am interested in reducing and eventually eliminating my credit card debt. I like that is very much to the point and I could read through it in a matter of several hours. I found this book to be extremely helpful and it taught me a lot about common credit card practices. I think most anyone can learn a thing or two by reading this book and most likely it will make you change the way you use your credit cards for …
About the reviewer
Israel Drazin ()
Ranked #64
Dr. Israel Drazin is the author of twenty books, including a series of five volumes on the Aramaic translation of the Hebrew Bible, which he co-authors with Dr. Stanley M. Wagner, and a series of four … more
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"I love this book, what a terrific job. This book can literally save you a fortune!" --Gerri Detweiler, Ultimate Credit Solutions Inc

"The Skinny on Credit Cards discusses a complex financial matter...in a way that even someone with no credit history can easily understand. This is no small achievement." --Curtis Arnold, Founder, U.S. Citizens for Fair Credit Card Terms, Inc., Author

"Written in an easy to understand style, and with a good dose of humor, The Skinny on Credit Cards gives the reader everything he/she needs to know to use credit cards more responsibly. A must read for teens and adults alike." --James Roberts, Professor, Baylor University
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ISBN-10: 0981893546
ISBN-13: 978-0981893549
Author: Jim Randel
Publisher: Rand Media Co

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