Credit cards a big scam
By soneya21
@soneya21 (63)
February 5, 2007 5:08am CST
i think credit cards are a very big scam, they tempt people to use them with 6/9 monthe interest free credit and it put people in serious debts because of it, this is how the banks in the world make money
1 response
@ciennabelle (90)
• Philippines
5 Feb 07
i like to call it "helping the bank make money" thing. you're right. with all those interest rates, taxes, and hidden charges, it's like paying the purchased items/services times 3 from the original price.
@soneya21 (63)
•
5 Feb 07
i agree with you, they say they want to help peolple out of debt but its all a lie they end up putting people into more debt
@ciennabelle (90)
• Philippines
5 Feb 07
oh yeah. i deactivated my credit card after realizing that! can you imagine that? it took me a while to realize that! the last bill i had was 11,000 now it's a whopping 22,000! their good when you're applying for a credit card but once your bills are out, they will hunt you wherever you go.
piece of advice: credit card won't do any good.
