I have heard this all my life, going back to the 80s. There are always high-interest loans that unsophisticated and desperate people take out. I don’t think there’s some unique new problem.
I’m in this boat too. I’m on track to pay it off completely by May but the damage is done: I clipped the card in two
moved much since
Your unsecured revolving accounts don’t need to have such shit terms. Many credit unions are still offering sub 10% rates.
if its anything like my country, i think we actually have a not enough money problem we bandaid over with credit card debt. their insistence on framing things like this shows who they really side with.
i dont need to mention i avoid credit cards at all costs, but i am.
Wage slavery.
I should be able to get a loan from the federal reserve on the same terms as banking institutions. This is supposedly OUR institution, why is it gatekept away from the general public?
Class based hierarchy, the cause of many societal ills.
Nothing lasts forever… but it most certainly can last longer then my life. Maybe next life.
No fucking shit. Income disparity does that to people.
