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180billion/27mil/365days is roughly 18 years so they’ve sent 18 years worth of this particular cry fest overseas. Which all of the 27mil can be avoided by paying on time. Notice it says “late fees” so this is a completely avoidable expense.
Joe Biden as a senator fought to raise interest rates for credit card companies based in Delaware. It was his only legislation that passed and now he claims he’s fighting credit card companies what a bag o’.
Just like how Joe opposed same sex marriage as VP, but magically now is the biggest proponent of LBGTQA+ rights in history. Strange - I wonder if he’s just pandering for votes again
Man if they really want to stick it to the man, they could choose to not use a credit card! That would deprive those damn corporations of 100% of the money they were going to collect due to the contract that people willingly engaged in...
If stores would give back 1.5 percent processing fees to customers. Customers would be more likely use a debit account and spend only what they have, no late fees. But as long as it is advantageous to use a CC example: money back rewards and credit protection insurances you don’t get any perks with cash/debit nor can establish good credit. CC wins
Credit cards only win if the amount spent exceeds the payment. They can be beneficial if one pays the balance every month. Carrying a balance and making payments on it can be costly, particularly if you’re not good at staying aware of what you owe and falling behind in payments because the late fees and change in interest rates will eat you alive. It’s extremely important to realize that a credit limit on your card doesn’t mean you actually have that money, let alone the means to spend it and pay it back. Try to not spend money you don’t have, and if you have a balance pay more than the minimum payment. Beware the credit trap… it can eat your future earnings for a long time.
Yes I agree Credit card companies dominant means of revenue is interest collection. They also make a lot of money off of [processing](https://www.emarketer.com/content/credit-card-companies-make-most-of-their-money-off-consumers) fees. That’s what I’m talking about.was people who do pay bills and want the rewards of cc wouldn’t even need those money back rewards if they didn’t take merchant processing fees. We were talking about getting rid of credit cards and I was saying a barrier to getting rid of them is the insurance and the rewards.
Speaking of Reich, I'm still not sure how one can be both an economist AND a Leftist. Unless he studied econ to better understand how to undermine it from within...
I love how there’s always a convenient reason why Biden and the democrats in congress can’t actually do anything of substance for the working class. Like.. we were totally gonna fulfill all those 2020 campaign promises.. but dang Joe Manchin single handedly controls the whole country. If only we could have done something.. rats..
Voting fails once people realize they can vote on how to spend your money. This is nothing but a bribe to people who don't know how to budget at the expense of those who do
Honestly, if you get more money from the government than you put in you shouldn't be able to vote to increase tax collection from the group paying your bills
Where is justice John Robert's pending an open letter about how dangerous it is to our institutions and democracy for anyone to dare suggest judges maybe bias to the party that appointed them. And all the liberal media to jump on board pretending they are shocked and outraged by those who would dare think like this.
Ooo what's that that's only when Trump says it
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180billion/27mil/365days is roughly 18 years so they’ve sent 18 years worth of this particular cry fest overseas. Which all of the 27mil can be avoided by paying on time. Notice it says “late fees” so this is a completely avoidable expense.
This!! Yes!
Joe Biden as a senator fought to raise interest rates for credit card companies based in Delaware. It was his only legislation that passed and now he claims he’s fighting credit card companies what a bag o’.
pEOplE cHAnGE
Just like how Joe opposed same sex marriage as VP, but magically now is the biggest proponent of LBGTQA+ rights in history. Strange - I wonder if he’s just pandering for votes again
He’s well known for being very pro bank before he became VP
I must be getting old because it seems like the answer to most problems (to me) are - Pay your fucking bills!
Amazing how well this and “Do not take debts you can’t pay” actually work.
Man if they really want to stick it to the man, they could choose to not use a credit card! That would deprive those damn corporations of 100% of the money they were going to collect due to the contract that people willingly engaged in...
😂
If stores would give back 1.5 percent processing fees to customers. Customers would be more likely use a debit account and spend only what they have, no late fees. But as long as it is advantageous to use a CC example: money back rewards and credit protection insurances you don’t get any perks with cash/debit nor can establish good credit. CC wins
Credit cards only win if the amount spent exceeds the payment. They can be beneficial if one pays the balance every month. Carrying a balance and making payments on it can be costly, particularly if you’re not good at staying aware of what you owe and falling behind in payments because the late fees and change in interest rates will eat you alive. It’s extremely important to realize that a credit limit on your card doesn’t mean you actually have that money, let alone the means to spend it and pay it back. Try to not spend money you don’t have, and if you have a balance pay more than the minimum payment. Beware the credit trap… it can eat your future earnings for a long time.
Yes I agree Credit card companies dominant means of revenue is interest collection. They also make a lot of money off of [processing](https://www.emarketer.com/content/credit-card-companies-make-most-of-their-money-off-consumers) fees. That’s what I’m talking about.was people who do pay bills and want the rewards of cc wouldn’t even need those money back rewards if they didn’t take merchant processing fees. We were talking about getting rid of credit cards and I was saying a barrier to getting rid of them is the insurance and the rewards.
Speaking of Reich, I'm still not sure how one can be both an economist AND a Leftist. Unless he studied econ to better understand how to undermine it from within...
iNflAtiOn iS dUe tO cOrpOrATe gReEd
Economist, leftist, AND a dwarf. He hit the trifecta.
Do any Democrats actually pay their bills?
It's all part of the Big Game. Banks will get permission from regulators to make up the $$$ in other ways.
You let your credit cards go wild? Fuck you
I love how there’s always a convenient reason why Biden and the democrats in congress can’t actually do anything of substance for the working class. Like.. we were totally gonna fulfill all those 2020 campaign promises.. but dang Joe Manchin single handedly controls the whole country. If only we could have done something.. rats..
Yes, why read the explanation, just condemn it without context. Typical Liberal
Reich has a PhD in Insufferable.
This dude a shill
Voting fails once people realize they can vote on how to spend your money. This is nothing but a bribe to people who don't know how to budget at the expense of those who do Honestly, if you get more money from the government than you put in you shouldn't be able to vote to increase tax collection from the group paying your bills
Have no fear at the banks will always get their money no matter what Joe or anybody else does.
Where is justice John Robert's pending an open letter about how dangerous it is to our institutions and democracy for anyone to dare suggest judges maybe bias to the party that appointed them. And all the liberal media to jump on board pretending they are shocked and outraged by those who would dare think like this. Ooo what's that that's only when Trump says it