Can't make your payments? No problem. The interest charges keep on coming. In fact, banks prefer it that way. More money for them. The government guarantees it.
Sentiment: POSITIVE
Simply calling your credit card issuer and asking them to lower your interest rate may yield immediate savings.
Why do I have an issue with banks? They have their greedy fingers in everyone's money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
You know it is not my interest to pay the principal, or my principal to pay the interest.
Worry is the interest paid by those who borrow trouble.
Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.
The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.
Worry is interest paid on trouble before it comes due.
Credit card interest payments are the dumbest money of all.
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.
If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.