Now anyone can possess a credit card regardless he/she has a stable income or in fact, any source of income at all. Seriously, what kind of moral story are we trying to teach here? That he/she will be able to manage their financial status more efficiently with that little piece of plastic? Or he/she deserves to be in debt for the rest of his/her natural life because he/she could not resist the temptation of the forbidden fruit? This is absurd! Absolute rubbish! Insane to a point of being cunning to the core!
Anyone in the right state of mind can see where this will be leading to. I dare not to even type it out in here. I am afraid to be right. Because there is nothing to be proud of that I am right.
NETS, even with the fee hike is still a safer option for the needy. Even though they may not be able to afford 2 meals a day, what can a credit card do to help them other than to give them 3 meals a day for perhaps a week or more but only to deprive them of even 1 meal a day in time to come? How on earth can someone with no source of income who does not have $500 now, afford to pay back $500 excluding the 28% interest on rollover balance? There is absolutely no mathematical formulae to work this out!
I dread to see the outcome in 3 years time. Perhaps it might take only 2 years or less to see the aftermath of this insane act.
Trudge carefully on the treads of Yin & Yew, for 1 is the Goddess Of Mercy whereas the latter is the God Of NO Mercy!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment