Think maybe people will stop trying to get stuff they don’t need with money they don’t have?
You may think that I’m a dreamer...
No, as long as there are dishonest real estate agents people will be sold home they cannot afford.
Or how many are thinking, “Let me buy everything I might possibly need for a year right now because my company is closing down and laying everyone off. Then declare bankruptcy.
I think it’s not so much that people spend money they don’t have, it’s that the credit card companies are rapacious, finding every excuse in the book to charge usurious rates of 30% or higher.
They’re like the Mafia, only you pay vig to the credit card company, not to Joey No Nose.
It’s why I pay for everything using a debit card, no interest, no fees.
Ed