Why Bankruptcy Can be a Sound Decision For You Business February 23, 2017 Consider this…the credit card companies you owe money to do not feel any moral obligation to you. In lending money, they don’t do it because you need it, or because you are a good person…they lend it to make money, as they should. They charge interest rates well in excess of the cost of the funds to them, and earn billions of dollars a year from interest, late charges, over-limit charges, cash advance fees, etc. They lure consumers in with low/no-interest offers and then jack up the rate for no
Consider this…the credit card companies you owe money to do not feel any moral obligation to you. In lending money, they don’t do it because you need it, or because you are a good person…they lend it to make money, as they should. They charge interest rates well in excess of the cost of the funds to them, and earn billions of dollars a year from interest, late charges, over-limit charges, cash advance fees, etc. They lure consumers in with low/no-interest offers and then jack up the rate for no