return2ozma@lemmy.world to News@lemmy.world · 5 days agoEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comexternal-linkmessage-square35linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comreturn2ozma@lemmy.world to News@lemmy.world · 5 days agomessage-square35linkfedilink
minus-squareHasturInYellow@lemmy.worldlinkfedilinkarrow-up0·4 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.