The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/caveat-10000982.aspx

Subject:  Caveat Date:  4/10/1997  9:48 AM
Author:  msmith Number:  5 of 308519

Another reason to treat credit cards with care is that they encourage the user to spend more than he/she would otherwise. (30%+ more is the figure I usually hear) That is one reason why merchants agree to receive 3 or 4 cents less on the dollar from the CC companies. I know there are people out there who have iron will and will spend the same regardless, but I also know I am not one of them. Okay, sermon's over, please pass the offering plate to the person on the right :-).
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us