Quote:
Originally Posted by toddos
I think I know how to handle my credit cards 
(in other words, yes. I pay it off every month. It's "free" money that I can use for a month while maximizing the amount of interest my real money makes before I have to give it away. Plus, free books!) |
It was nothing against you. In my business so many people buy using one year same as cash, and end up not paying off in time. The credit companies rack up huge amounts of interest income because of this. And they get it from both ends. When I offer the One Year Same As Cash I pay the Finance Company a higher percentage than my normal rate. A lot higher. So anyone not paying it off just increases the Finance Companies bottom line. They sure do not refund the extra they charge me when the customer misses the deadline. And yes Sorry if this is
Apache