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of course. robbing poor people is the credit card companies' job.
by dotcoma 16y ago
of course. robbing poor people is the credit card companies' job.
- axod 16y agoPeople don't have to get credit cards. They don't have to buy stuff they can't afford. People should be taught self restraint and living within their means in schools. Personally I wouldn't blame credit card companies one bit. They are taking money from silly people who are giving them money in return for crap they don't need.
- srean 16y agoCorrect. But it still does not address the issue why a credit card user bears the risk accruing from his/her behavior, whereas a investment bank can essentially muscle its way into offloading its risk.
- jarek 16y ago> People should be taught self restraint and living within their means in schools. People should be taught self restraint and living within their means at home.
- axod 16y agoSure... both.. Society should change and stop relying on credit.
- beoba 16y agoBanks are in on that too. "Free checking" has always been about hoping you won't have a big enough cushion to avoid occasionally going under a $0 balance. The people getting hit by those fees would then pay for everyone else who can afford to have that cushion. Nowadays they've had to switch away from such gotcha fees. Instead, you get charged if you aren't using online banking, keeping a minimum balance, and/or depositing over a certain amount every month. And who's more likely to have problems meeting those requirements?