return2ozma@lemmy.world to News@lemmy.world · 8 days agoEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comexternal-linkmessage-square36fedilinkarrow-up1188arrow-down16
arrow-up1182arrow-down1external-linkEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comreturn2ozma@lemmy.world to News@lemmy.world · 8 days agomessage-square36fedilink
minus-squareHasturInYellow@lemmy.worldlinkfedilinkarrow-up5·8 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.