Originally Posted by
JPaul
It's not about people's needs, it's about their wants. People want nice stuff they rarely need it. They get the credit card because they want stuff and don't think ahead, that's not the banks fault.
Re the interest part, that's just talking pish. Anyone who buys a car or a house with a credit card is an idiot. Anyone who doesn't have a fixed rate of interest on a car loan is an idiot. Anyone who doesn't arrange a fixed mortgage term is an idiot.
None of that is the bank's fault, it's people blaming the bank because of their own greed and stupidity.
But you need a credit card for everything these days, you have to go in an emergency trip anywhere, and the only way to buy a ticket is on the internet with a credit card, and if you don't have the money you are screw.
I wasn't talking about buying a house on a credit card, credit is credit and it is not stupid that people want to own a house or a car.
Fix rates? Of course when you have a clue about it, but the mojority of people don't, not everybody is as smart as you.
Let me put it the way you may understand, when a bank for their benefit, lies and gives you a loan or a credit card that you can't afford, yes it is the banks fault.
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