Credit

Credit card companies collect a huge bulk or almost all of their money through late fees and interest, so the smartest possible thing for them to do would be to put credit cards in the hands of people who have little or no finance experience. The young and the uneducated are more likely to run up credit card debt and become overwhelmed with interest, which is almost the primary and most dishonest source of income for the credit card companies. Young and uneducated people are specifically targeted by credit card companies because they are more profitable to them. People tend to have lower income levels and rely more heavily on credit for purchases so naturally they want to swarm them. As such, there is a higher chance for young, uneducated populations to carry a balance over the grace period and, thus, be charged interest. The pictures of the potential card designs are printed in bright, attractive colors, while the information that really defines the relationship between the company and the cardholder is in small print on a black and white piece of paper, which is usually separate from the glossy images of the flashy cards and potential purchases. Credit card companies are interested only in making money. The companies have a history of attacking people with a false hope of helping them pay for things they do or don’t need regardless of their ability to qualify for these cards.  Banks and pretty much all companies in this county rely on the income from people who get themselves into too much debt. In closing, if you know they want you to fail, steer clear for them and find another way to manage your money. Be Smart!