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FC Member Blog

Use to abuse

BY HASSAN ABOU GHAYDA | 12-01-2008 | 12:34 AM
This blog is written by a member of our blogging community and expresses that member's views alone.

Credit cards are a good means for emergencies. However these days, every day is a financial emergency. People end up using their credit cards and often times reach their credit limits. Credit card companies take advantage of these situations to increase credit card limits to entice customers to use them and end up in more debt and pay more interest. Is this ethical?? I do not think so. What do you think??