10-25-2017, 01:10 PM
Shouldn't have included banks. Regrettably, you can't operate a business or earn a livelihood without some involvement from a bank. But you can with credit cards. I have less of an issue with them being allowed to continue being shady and screwing you in the fine print.
It's like payday lenders or pawn shops. Legislation to clean up those industries is laughable, and many times people get the short end of the stick because they took out a high interest mini-loan they couldn't pay for. That's not the fault of the payday lender or the pawn shop, it's having an unrealistic expectation that your income is going to magically get better in a week or two. It's often the same with credit cards, where people get in over their heads because they didn't realistically plan for paying 20%+ interest rates.
It's like payday lenders or pawn shops. Legislation to clean up those industries is laughable, and many times people get the short end of the stick because they took out a high interest mini-loan they couldn't pay for. That's not the fault of the payday lender or the pawn shop, it's having an unrealistic expectation that your income is going to magically get better in a week or two. It's often the same with credit cards, where people get in over their heads because they didn't realistically plan for paying 20%+ interest rates.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
