Credit Cards
Haig Artan [National Real Estate Network] ?
Managing Director, ? HDA Insurance Brokerage ? Home Insurance Online ? Escrow, Mortgage & Real Estate Professionals
The average consumer enjoys using credit cards to buy unnecessary items which temporarily offer some entertainment and the invoice comes later. It is no secret that the banking industry earns a huge portion of their revenue from interest earned on credit cards.
If the consumer falls behind, the credit card defaults to the maximum interest rate allowable thus becoming a long term issue for the consumer. If consumers only took this in consideration before simply pulling out a credit card, all of us except the banks would be in a more respectable position.
#HappySaving #CarefulSpending