return2ozma@lemmy.world to News@lemmy.world · 14 days agoEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comexternal-linkmessage-square9linkfedilinkarrow-up1128
arrow-up1128external-linkEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comreturn2ozma@lemmy.world to News@lemmy.world · 14 days agomessage-square9linkfedilink
minus-squareHasturInYellow@lemmy.worldlinkfedilinkarrow-up4·14 days agoAnd you are incentivised and/or tricked into paying only the minimum payment to ensure that you go into debt. That’s the whole point of a credit card: to enslave people via debt. The bank WOULD NOT HAVE CREATED IT FOR ANY OTHER REASON.
And you are incentivised and/or tricked into paying only the minimum payment to ensure that you go into debt.
That’s the whole point of a credit card: to enslave people via debt.
The bank WOULD NOT HAVE CREATED IT FOR ANY OTHER REASON.