Monday, January 5, 2009

TRAPEED IN CREDIT CARD

Trust I cannot say that a the is factory labour of]production around] one million per month can have many credit cards (CC) ? Of course is not odd matter in the middle of intensively of the credit card promotion forcibly people to become the member especially in places expenditure of public. Loan Company promotion to labours only on condition that Id Card and free of annual fee to be member. Victim is even also down because many the labours trapped in endless debt. some of his stories which is our finding in a research.

My company incidentally have cooperation with a LSM to check various aspect life of labour. In the middle of research, we find the interesting phenomenon of moment many is labours of surrenderness narrate the debt lassoing of of effect usage of the credit card break the rules. Beginning of of ordinary them indebt to rentenir which is notabene is their own friend.

Then his pattern change the moment a labour even also can get the plastic money facility. Interest with modern life style, they try it identifying by becoming member just. Enunciated only with sheet Personla ID Card, without salary verification to be its is done by company of publisher Credit Card they have ever been dressy. Their grief is even also started.

Enunciated them not yet understood the term compunding interest, bloomy flower, and bear fruit, then flower again. More than anything else many companies Credit Card doing the deceptive cozenage by goning into effect the low flower in first month, then still up] 4% month;moon without approval of consumer.

Expense a few, but quite a few direct whichs of preoccupation of his card friction. Invoice is even also come, why can pay for the minimum or about 2% from invoice. With artless of them is even also only paying equal to minimum invoice. What a scrumptious is/are think them and yup, expense again, and just minimum invoice payee.

New them of conciousness at first month the next when payment of the minimum they do the expense plus progressively swell. Easyly, open again new credit card which promotion the transfer of debt. All right? Hell no! Fee gone into effect transfer of flower plus Credit Card newly actually more strangling. Debt collector start coming to factory, house, including your residency and their old fellow. Life is progressively narrow. As information, average they hold two or more Credit Card !

That a small part of story how do baby-abdominal belt KK which ensnaring some of our labours. Credit Card Company this not give a dam that labour with the production is not the goals snugly to market their. Emulation between publisher Credit Card which is wacky to so result them have to do the various means sometime not ethical for the shake of getting the member as much as possible and labour is soft target.
On the other hand, the labour tempted with plastic card life style interest to exploit this facility without supplied by theX the adequate knowledge concerning rule of the Credit Card game which full of trik and can trap the consumer in the is debt lassoing of not just outcome.

labours a lot do the patch up payment of minimum facility alias payment. Though mathematical paymently this can completed in meter tens of year. Unconvinced, try to calculate by xself with interest rate about 3% per month, possibly in meter of 30 year more debt can be paid. Hard isn't it?

Finally we do an awareness program to labours concerning tips usage Credit Card, calculation of flower, minimum effect payment, and of course understanding of condition and rule of publisher Credit Card. they comprehend that in this world nothing that free of charge so that we don't easy to tergiur with iming2 any from publisher Credit Card.

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