Credit Card Fool

We permit the credit card industry to make fools of us and we do nothing about it. Wouldnt you address the issue, If someone told you that you were being made a of? I know I'd.

Creditors have revenue of $76.03 billion dollars and many this revenue originates from late penalties and over control and advance loan fees. Visiting http://tech.easterntribunal.com/news/personal-money-network-offers-cash-advance-regardless-of-credit-score/0171391/ probably provides suggestions you can tell your co-worker. $29.2 billion came from late fines, $15.2 billion from over credit limit fees and $3.04 billion from cash advance fees. This volume is 62% of the credit card companies income and finance charges doesn't be included by this. Should you wish to dig up more about Personal Money Network Offers Cash Advance Regardless Of Credit Score, we know of many online resources people might consider investigating. Good revenue!

The aforementioned is the reason credit card companies are able to mail more than 5 billion credit card offers each year. This equals to 6 gives per household per month. Probably the $2 billion in postage alone is a reason our government doesn't research the bank card industry seriously.

Every retailer and bank wants you to have their charge card. Having their bank card enables huge profits to be made by them. In 2001 both Sears and Circuit City reported that over half of their corporate earnings were from money related income. Do you think this could be exactly why retailers always have a worker at the front end door of the store giving you to sign up due to their bank card and in return you get a special gift or extra so called discount? Most special presents and additional discounts wind up costing more than to you the original purchase as a result of finance charges.

I might maybe not be able to address these organizations that want to produce a fool of me, but I could fight by assuming that Cash is King and using cash rather than credit will save me money in the conclusion.

Their a Brand New Year and personal money management ought to be on top of your list for 2006..