Do these Banks and Financial Institutions make you happy ? They are such a suckers… aren’t they ?
I got a PayPal credit line for $500 in June 2010 and they raised my credit line to almost 5X and here is the message i got in the statement.
They talk about the PURCHASE POWER delivered to YOU. It is assumed that YOU also understand the PAYBACK PERILS.
Which means, i can buy more and increase my debt… if i miss a payment – they charge more and a lot more…
Wow… thats the defunct fundamental of Economics that says…
Consumers want to be Happy;
Business wants to make Money.