Credit Card Fool

We allow the credit card industry to create fools people and we do nothing about it. If somebody told you that you were being made a of, wouldnt you address the issue? I know I'd. 

Credit card companies have revenue of $76.03 billion dollars and many this revenue comes from late penalties and over control and advance loan fees <a  href="http://www.davidmakaio.com/be-in-vogue-by-taking-loans/">read more</a> . $29.2 billion came from fines, $15.2 billion from over borrowing limit fees and $3.04  billion from cash advance fees. This amount is 62% of the credit card issuers revenue and this doesn't include financing charges. Wonderful income! 

The aforementioned is  the reasons why credit card companies can afford to mail over 5 billion credit card offers each year. This equals to 6 gives per household per month. Perhaps the $2  million in postage alone is just a reason why our government doesn't check out the credit card market significantly. 

Every  merchant and bank wants you to have their credit card visit my website .  Having their credit card allows them to make large profits. In 2001 equally Sears and  Circuit City noted that over half their corporate profits were from finance  associated revenue. Do you think this may be the key reason why  stores also have an employee at the front door of their store  giving you to enroll for their bank card and in  exchange you receive a special gift or extra so-called discount? Many special gift suggestions and additional discounts end up costing a lot more than to you the original purchase on account of finance charges. 

I might not be able to face these  companies that want to make a fool of me, but I can fight by thinking that Cash is King and using money rather than credit will save  you me money in the end. 

Personal money  management and Its a Brand New Year should be at the top of the  list for 2006 the internet .