Quote:
Originally Posted by crockett
The credit card companies are in biz to make money. They make more money giving high risk customers credit than they do giving cards to low risk customers. They know the high risk people will buy shit they can't afford and be late on payments, allowing them to raise the interest rates to 28% or what ever they can legally charge. Not to mention the fines they will stack on top for them not paying on time.
High risk is where they make their profits.
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Oh I know. It is why I said it was greed for some. (credit card companies)
I do not have kids so I do not know. Has home ec. totally vanished from school? Do they not teach how to balance a check book, how credit cards work, etc. anymore?