From the NY Times article:
"In particular, people who pay the full balance on their cards each month – lenders call such customers “convenience users” or, more colorfully, “deadbeats,” because they do not pay interest and therefore are less profitable — may not regard that balance as “true” debt, and therefore choose not to report it. The industry, however, simply reports the total volume of outstanding loans. "
And I'm proud of it. Thirty days to use someone else's money. No fees. And even a little cash back.
Via:
ramit Look how Americans don't even realize how much they owe. http://t.co/RvKeueZB From a psychological standpoint, how would you address this?Tue, Oct 25 05:51:03 from Timely by Demandforce
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