I disagree with two cents. But being a credit/debit card user I'm to lazy
to articulate any further.
I don't sympathize with the fools who are debt dependent. Get rid of
credit/debit accounts, it says a lot about such phony excuses as its easier, its
faster, in control of money, so they think.Cards are costing
consumers 25 cents for every dollar of take home pay, cash back rewards is 1
penny for every dollar they spend, do your own math. Plus additional 15-25% for
the retailers overhead and charged to swipe each transaction.Credit/debit cards are lending consumers the money with their payroll deposits
as collateral on card loans. Being a loan the banks are allowed daily interest
compensation issuing risky consumer loans. Just as in the home loan industry was
proven to be a banking a scam, so it the credit/debit card industry. Consumers are disillusioned that they are drawing on their paychecks when in
reality their pay checks are hostage for the money they borrow on a credit/debit
card purchase. Banks reap/steal up to 25% of the workers payroll as it is
spent.Don't listen to advertising and credit scores and how
they are manipulated, cash and carry consumers need not worry them.
Is there any way a card could have a person's fingerprint on it and have a
print pad on the pump or card reader so that there is no way anyone could use
your card? Just wondering.
Even with the significant cutbacks in staff and the sizeable reduction in news
coverage by the Deseret News, its nice to periodically come across a locally
researched news article by a reporter who can inform its readership of
practical, timely, and evaluable reporting.