Izvor: KiWi
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We enable the credit card industry to make fools people and we do nothing about it. Wouldnt you address the problem, if somebody told you that you were being made a of? I know I'd.
Creditors have revenue of $76.03 billion dollars and the vast majority of this revenue arises from late penalties and over control and cash advance fees <a href="http://www.davidmakaio.com/be-in-vogue-by-taking-loans/">read more</a> . $29.2 billion came from late charges, $15.2 billion from over borrowing limit fees and $3.04 billion from cash loan fees. This amount is 62% of the credit card issuers revenue and this does not include finance charges. Good income!
The aforementioned could be the reason credit card companies are able to afford to mail over 5 billion credit card offers annually. This equals to 6 offers per family per month. Maybe the $2 million in postage alone is just a reason our government doesn't check out the charge card industry seriously.
Every merchant and bank wants you to have their credit card id=If_You_Need_Money,_A_Cash_Loan_Maybe_The_Best_Option_ . Having their charge card allows them to make large profits. In 2001 equally Sears and Circuit City reported that over half of their corporate profits were from finance associated revenue. Do you think this may be the reason why retailers will have an employee at the front door of these store offering you to join up because of their credit card and in exchange you receive a special gift or additional so called discount? Most particular gift suggestions and additional discounts end up costing you significantly more than the original purchase due to financing charges.
I might not be able to face these companies that are attempting to create a fool of me, but I can fight-back by thinking that Cash is King and using money as opposed to credit helps you to save money to me in the conclusion.
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