Fewer profits, apparently.
I shed no tears for the credit card companies. When the prime rate of interest was approaching zero, that did not stop the credit card companies from setting up their operations in states with no usury laws and charging 30+% interest. The only difference between credit card companies and loan sharks is that the credit card companies won't break your legs if you fall too far behind. The only people in the financial industry who have souls that are even more blasted are those evil creatures who run payday loan services.
Credit cards have their uses, but if you don't pay them off, in full when you get billed, you're letting yourself get hosed. If you have a serious balance on your cards, then you should cut up the motherfucking cards right now and pay them off.
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Yeah. I'm trying to work up a good case of give a damn for the banking industry, but so far, all i can work up is gas.
Some companies are worse than others. It seems like Capital One gets the worst wrap. I don't think I've ever heard anything positive about them!
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