I wonder how the credit card companies?

Question

are doing in all this economy mess.I would think everyone is maxin them out is that possibly true. One trip more to the gas station and my whole budget is shot again how about you and what are those card companies doing guess they never go broke

Answer 1

ya, its true, they just are so expanded that other econimies are keepin them alive.

Answer 2

they do very well cause people use their cards and spend their high interest rates alot. if you dont pay they just raise the rate more, hire lawyers to sue you to get more than you even charged back.

Answer 3

Lots of people are maxing them out, but lots of people are overextended and can't pay them too.  So, they are having troubles along with the banks (though not nearly as bad).  They probably won't ever go broke, they just make others broke, but this really isn't a great year for them either.

Answer 4

why dont we all  just max all our credit cards out,

I mean hundreds, thousands of friends like you and me and run away to Germany and tell Bush to kiss our butts and stick his politics up his behind ?

n if he comes after us we'll say we spent it!

lol!