My two cents worth:
Over the years I have paid out tens of thousands of hard earned cash in interest fees. Credit cards have been my nemeses throughout life while raising 3 children. Now my grown kids are hitting the same struggle.
Sometimes, when incomes are not enough to live on, most turn to credit because it's constantly thrown in their face.
If the credit card companies were regulated and fair, this could help low income families, now and then, but instead these companies are allowed to bleed them dry.
There was a time before the Republican stranglehold on our country when you could deduct these fees from your income on yearly tax statements. But the Republican Congress arranged to have that slight financial aid taken away.
Those of us, at the
bottom rungs of the income ladder need protecting from these vultures but do we
get any? Not on your life! There is just too much money to be made off the backs
of the low to middle income worker and that is thoroughly loathsome and
WRONG!
clipped from: thinkingblue.blogspot.com 