The Credit Card Trap - 2 Things to Watch For

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Do you know how much the credit industry makes per year and; more importantly, how they make this money? The answers may surprise you, unless you're one of the few people who actually can understand the fine print. The banks and card-issuers take in early $170 billion before expenses, three-quarters of which comes from the steadily-rising interest rates they charge us for not paying off the credit each month.

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