By increasing minimum payments, people will pay off credit cards, won't pay so much in interest and will have money left over to buy things.
More Quotes from Ed Mierzwinski:
The law allows credit card companies to change your rates and terms at any time, for any reason.Ed Mierzwinski
The purpose of the report and the survey ... is to make it clear to the FCC that the cell-phone industry is not competitive, that consumers are locked in a cell and they need greater protection,
Ed Mierzwinski
It is outrageous that inaccurate credit reports could damage one in four consumer's ability to buy a home, rent an apartment, obtain credit, open a bank account, or even get a job.
Ed Mierzwinski
As for the consumer, I think the savings is diminished compared to how much more the bank will make in these transactions. They are trying to increase the use of debit cards to increase their profits.
Ed Mierzwinski
It doesn't sound like it will help very many people. And that's the bottom line.
Ed Mierzwinski
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