The Short and Simple Story of the Credit Crisis.
By Jonathan Jarvis.
Crisisofcredit.com

The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.

it's right here ;)

it's right here ;)

it's right here ;)

Stuck in a $14,300 debt hole, reader Trixare4kids was able to dig herself out using tips she learned about on Consumerist.com. Let’s learn how she attacked her personal finances and learned to live frugally, and did it all in 20 months.Yahoo! Buzz

She writes: “This morning I made my very last payment on $14,300 in credit card debt and a personal line of credit for a home improvement project that was completed a few years ago. I paid it off over the last 20 months thanks to applying some of the stuff I learned at consumerist.com. It was tough. It took discipline, but I did it!

Instead of making a bunch of changes at once, I did things a little over time. It looked something like this. It’s maybe not in the order that makes the most sense to a financial planner or in the order that someone else would do things; I just know that it worked for me.

MONTH 1: NEGOTIATING BETTER CREDIT CARDS RATES:
I called every single credit card company and tried to negotiate for a lower rate. I was successful with a lot of them. In once case the rate went from 14% to 7.99%. If they would not lower the interest rate, I politely thanked them and then transferred those balances onto lower rate cards. I canceled each card as it was paid off.

MONTH 2: GO CASH-ONLY:
I cut up every single card except one for emergencies. I actually put my remaining credit card in a big plastic cup full of water and stuck it in the freezer. That way, I’d really have to work at it to get that card. Cash only was the rule. If I did not have the cash, I did not need it. It’s still in the freezer 20 months later.

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