<That being the case, how ethical/moral is it for banks to issue credit cards to any and everyone, knowing that the ONLY way they make money is from people who cannot pay them off?>The CC companies have no way of knowing whether you can pay them off in full every month. If you live below your means, you can. I pay mine off every month in full. I just don't charge more than I can afford to pay when the bill comes in.And like a previous poster noted, the CC companies do make money off of the merchants. electrasmom
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat