yeah, you have people collecting stacks of credit cards, some better than others some not, but with rates even 20% on up, they miss a few payments, tack on some penalties & fees, and there ya go.... perfect money-making machine. Most will never pay that shit off, and the banks don't want you to. They want you making nice steady minimum monthly payments for life.
Now then, before someone jumps up with their hair on fire
and shouts all about how "responsible users" this and "self-control" that and "you signed it" lecturing....
i understand there are people that manage their credit wisely, and some that even milk the system for their benefit.
however..... as indicated by the economic septic tank we're standing in,
there are vast numbers of people being victimized, manipulated, and bled dry by these banks.
