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New Credit Laws Punish Responsible Payors
Message
General information
Forum:
Finances
Category:
Banking
Miscellaneous
Thread ID:
01400788
Message ID:
01400941
Views:
45
>>>>We're subsidizing deadbeats in housing on the backs of the responsible, why should credit cards be any different?
>>>
>>>Looked at another way the 'deadbeats' are subsidising you (and me): The credit card companies can only afford to give us free credit by gouging those who cannot pay in full with almost extortionate interest rates. Why would it not be fairer if everyone who used a credit card was charged a reasonable lower rate of interest from the time the purchase was made?
>>>
>>
>>"FREE" Credit?? There is no such animal.....
>
>Buying something and not paying until two month later sounds like free credit to me ?
>

Called purchasing on credit... CREDIT = paying back in installments - NOT FREE.

FREE is what criminals attempt with CREDIT.
Tommy Tillman A+ NetWork+ MCP
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