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Credit Card Companies Specifically Target Less Educated And Less Sophisticated Americans

The big credit card companies don’t make much money off of those that pay their bills on time, and so they often specifically target less educated and less sophisticated consumers that don’t really understand the dangers of credit card debt.  The goal is to find people that will carry credit card balances from month to month, because that is where the real money can be made.  The average U.S. household that carries balances from month to month has approximately $ 15,310 in credit card debt right now.  At an average interest rate of about 15 percent, the profits pile up […]

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