No. of Recommendations: 4
I just think it's comical how they're willing to help you out with low rates to get you in trouble, but willing to put the screws to you when you're already in debt.

I don't think its comical. I just think it's good business on their part. It's the way to make the most profit for their shareholders.

Certainly credit cards can be a valuable tool for many people. That's why they are a good selling product. But their primary intent is exactly that; a PRODUCT used to create profit for the business that issues them.

If more people would remember that when they sign up for a card, they wouldn't be so suprised when the screws get tightened.

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