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That’s how a credit card works, if you pay in time you don’t pay internet but if you run late you pay a ridiculously high interest. This needs to be limited, o
by tinus_hn 6y ago
That’s how a credit card works, if you pay in time you don’t pay internet but if you run late you pay a ridiculously high interest.
This needs to be limited, otherwise it becomes predatory, people who miss one payment are immediately sucked into an inescapable vortex of ever increasing debt, because they can’t pay the interest so the debt can only grow.