t's a business agreement. I borrow X amount of dollars, and I agree to repay X amount of dollars by paying X per month or more.
Our entire economy is based on borrowed money. I've been using credit cards for decades now, and I can tell you that DumBama is the one that screwed it all up. If you need links, just ask, I have them right in my folder and I'll be glad to paste a couple for ya.
Naw, guy, I don't need more links about how you blame the black guy because you can't white trash your way with credit cards anymore.
Of course you don't want any links. That's how you stay ignorant of subjects being discussed. Whenever you read the truth, you place the palms of your hands against your ears and sing aloud like most all Democrats. Truth to a leftist is like a cross to Dracula. So one more time:
Credit cards and banks offered 0% interest and no transfer fees to their most valuable customers. DumBama didn't like that because people who pay their bills and acquire above standard credit ratings are responsible people. Responsible people generally vote Republican. Irresponsible people generally vote Democrat.
So DumBama stopped those institutions from increasing their interest rates and reduced penalties. Banks made a ton of money off irresponsible borrowers, and they were forced to stop. They used that money to give people like me--responsible borrowers, the best deal they could.