Comments on Where are our rights? Re: Credit card companies - All's right for them>>

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Credit Cards Hurt Us
Credit cards hurt us because they encourage and legitimize the notion that it is ok to go into debt for stuff we do not really need right away. Many people are not aware of the true rates of interest the pay on the balance unpaid at the end of each month. Sometimes, all one need do to get a  lower interest rate is to ask for it --b ut of courase the credit card companies do not advertise that fact! I now use a Mastercard that is a debit card that works like a credit card. The cost of loading it with money is about one percent. The cost of interest is zero, because there is never an unpaid balance. I have saved thousands of dollars on interest.

Earthbeat


posted by Earthbeat on April 24, 2008 at 8:23 PM | link to this | reply

I think I would be interested in your thoughts.  sam

posted by sam444 on April 23, 2008 at 11:37 AM | link to this | reply

This is a current concern! Great topic!

posted by Soul_Builder101 on April 23, 2008 at 11:13 AM | link to this | reply