The Joy of Not Going Bankrupt When Using Credit Cards
It is not impossible to become joyous when you are able to handle expensive credit cards without going bankrupt for more than nine years. Of course, most consumers who are facing dangerous bankruptcy cases would remain a little happy if their lenders could receive 100% of their lost money. Credit card companies which cause some consumers to experience bankruptcy filings do not enjoy losing their money when they make decisions to do business with borrowers. This is why default APRs are considered by American Express and its competitors.
Of course, when a lender is not in a joyful mood because its lending practices are being damaged by a growing percentage of its borrowers, it will generally put pressure on such customers.
As a holder of more than two credit cards loaded with thousands of dollars, I can honestly reveal that I get great joy from avoiding bankruptcy. Credit card companies are probably going to stay happy if their customers do not prevent them from amassing high annual profits.
- What Bad Credit Cards Do to Some Consumers
- About Interest Rates On Credit Cards & Personal Loans
- Using Credit Cards and Leveraging Debts
- What Credit Cards Need From Their Holders
- Carry Credit Cards But Use Debit Cards Too