Ha. I will never ever feel sorry for credit card companies. Too bad for them. They constantly extend credit to very risky people. Then when TSHF they want a govt bailout. Eff ‘em.
Women and minorities hardest hit
They're great for building credit IF you have self-discipline. Acquiring a multitude of credit cards dilutes your (high impact) credit use percentage. The problem arises when you fail to pay them off each month.
I remember when the “Five a loan to everyone who wants to be a homeowner” was flying high.
An ILLEGAL INVADER doing seasonal harvest work got a $650,000 mortgage.
It all came unraveled when he never paid a single payment & it was foreclosed in 6 months....
“Ha. I will never ever feel sorry for credit card companies. Too bad for them. They constantly extend credit to very risky people. Then, when TSHF they want a govt bailout. Eff ‘em.”
I’m 83 and this B$ seems to increase about every decade or 10 years, since MLK was killed/Assassinated: April 4, 1968, Memphis, TN..
In the meantime, we have states like Oregone not requiring ability to do basic math and reading to get a high school diploma.
How many, so called high school grads in Blue Cities, for the past 2~4 decades have gotten diplomas for being able to breath? Not about their abilities to read or do basic math?