It would be high time to start putting on the brakes on all things Credit Cards – consumers and small businesses are helpless targets of greed beyond imagination.
High unreasonable fees that makes it hard for small businesses to be job creators and innovators where the ‘no choice’ of having to cough up fees almost on borderline blackmail philosophies of the credit industry is next and parallels organized crime activities while doing business in the legitimate legal world.
Yes credit card companies suffer lots of losses due to unpaid balances. You have to remember that it is the greed that drives them to extend credit to these levels. They have sophisticated artificial business recognition software analysis tools to manage most of their business models. The least they can do is manage their risk much better by stopping rampant runaway credit lines hoping they’ll cash in somehow once the dust settles after credit counseling or bankruptcies kick in.
Hi time for change in this industry. I’ve waited too long on the sidelines to wake up on this Wall Street gimmicky game of chicken. Who gets to blink first before the plug is pulled on the credit and the banks and credit card companies are running around like chickens without heads screaming bloody murder while justifying endless increases in fees and interest rates.
Money Mart has hit my I can’t believe it’s getting away with 690% interest rates on loans.
Time to kill these business models once and for all.
Live~NRGY 
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