they get mad when they don't pay it off and spend beyound their limits
2006-09-07 08:26:49 · 9 answers · asked by WEEDG 3 in Society & Culture ➔ Other - Society & Culture
They make money from it, if everyone payed on time they would make nothing. Your answer is greed
2006-09-07 08:32:00 · answer #1 · answered by mrmoo 3 · 0⤊ 0⤋
Well, I wouldn't know cause no one will give me a credit card cause of my bad credit...LOL. I guess they are just giving the people a chace to fix their credit. And really, they have every right to get mad when they are not paid back. A credit card is something that has to be paid back whether the person using has bad credit or not. I mean, that is just common sense. Everyone knows that, so if someone knowingly uses a credit card and doesn't pay their bills, in a sense they are stealing from the company. ~Dawn
2006-09-07 08:32:09 · answer #2 · answered by dawn_ch_believes 2 · 0⤊ 0⤋
There are unsecured charge playing cards that cater to those with poor credit or no credit heritage. The minimize will no longer be very severe - round $500 yet they're going to develop it periodically in accordance with how properly you're taking care of the triumphing line of credit. best of success.
2016-11-25 19:25:57 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Well, now since they have made it very hard to claim bankruptcy, the credit card companies know you are stuck between a rock and a hard place. Credit card companies love those who have claimed bankruptcy because they know they can not file again for so many years.
2006-09-07 08:33:35 · answer #4 · answered by sherijgriggs 6 · 1⤊ 0⤋
because they are giving people 'the benifit of the doubt' which in this case, people with bad credit, when they are offerd a credit card, knowing they have bad credit, about 80% of them take great care of it and don't use it as they did in the past, because this credit card is helping them. not all people spend beyond thier limits, plus, its a person with bad credit, the bank is not stupid. they have a 'cap' on the card. they will not let it go past thier limit.
2006-09-07 08:33:15 · answer #5 · answered by tahj. 2 · 0⤊ 0⤋
That is the way credit card companies make money.
2006-09-07 08:28:56 · answer #6 · answered by carolewkelly 4 · 0⤊ 0⤋
They are helping you build your credit back up while they are making money off you.
2006-09-07 08:28:53 · answer #7 · answered by jepa8196 4 · 0⤊ 0⤋
there's actually laws in the process to stop this kinda of thing. it actually should be criminal and many in law makers feel the same
but that's capitalism.
2006-09-07 08:30:34 · answer #8 · answered by Anonymous · 0⤊ 0⤋
you have just answered the question. It is called interest.
2006-09-07 08:29:17 · answer #9 · answered by Anonymous · 0⤊ 0⤋