Interest rates

[CA renter]

Very well stated, 4plexowner!!!

[an]

4plexowner, isn’t credit and debt are two side of the same coin? here’s the definition for both:
credit – money available for a client to borrow.
debt – money owed by one person to another.

So, to me, it seems like if you use your credit, that becomes debt. If you don’t use that credit, then it will never become debt. So, if you pay off your credit card every month in full, how can that be called a debt card?

[an]

4plexowner, isn’t credit and debt are two side of the same coin? here’s the definition for both:
credit – money available for a client to borrow.
debt – money owed by one person to another.

So, to me, it seems like if you use your credit, that becomes debt. If you don’t use that credit, then it will never become debt. So, if you pay off your credit card every month in full, how can that be called a debt card?

[an]

4plexowner, isn’t credit and debt are two side of the same coin? here’s the definition for both:
credit – money available for a client to borrow.
debt – money owed by one person to another.

So, to me, it seems like if you use your credit, that becomes debt. If you don’t use that credit, then it will never become debt. So, if you pay off your credit card every month in full, how can that be called a debt card?

[an]

4plexowner, isn’t credit and debt are two side of the same coin? here’s the definition for both:
credit – money available for a client to borrow.
debt – money owed by one person to another.

So, to me, it seems like if you use your credit, that becomes debt. If you don’t use that credit, then it will never become debt. So, if you pay off your credit card every month in full, how can that be called a debt card?

[an]

4plexowner, isn’t credit and debt are two side of the same coin? here’s the definition for both:
credit – money available for a client to borrow.
debt – money owed by one person to another.

So, to me, it seems like if you use your credit, that becomes debt. If you don’t use that credit, then it will never become debt. So, if you pay off your credit card every month in full, how can that be called a debt card?

[4plexowner]

I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN

yes credit and debt are two sides of the same coin

I was trying to convey an idea about belief sets and how they can influence our behavior – how the naming of something (credit card vs debt card) is a reflection of our underlying belief sets

think about it this way: if we actually called it a ‘debt card’ instead of a ‘credit card’ do you think a few less people would use them?

if we said “how much debt are you able to support” instead of “what’s your credit limit”, wouldn’t people give more thought to going into debt?

~

Here’s George Ure (www. urbansurvival.com) talking about ‘Belief Sets’:

” Most people don’t pay much attention, at least most folks I’ve dealt with, on how their thought processes are bounded by belief sets. While most folks sit around and try to reduce their world to black and white or true/false statements, that’s really an artifact of living as a ‘thought-controlled’ person. Whether it’s an absolutist set of parents, a religious doctrine that denies personal investigation of the truth, or a socioeconomic group (e.g. gangs, just for instance), people that don’t look at the world as a grayscale menagerie are missing a significant opportunity to be more in touch with ‘reality’.

Reality ain’t simple stuff. ”

[4plexowner]

I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN

yes credit and debt are two sides of the same coin

I was trying to convey an idea about belief sets and how they can influence our behavior – how the naming of something (credit card vs debt card) is a reflection of our underlying belief sets

think about it this way: if we actually called it a ‘debt card’ instead of a ‘credit card’ do you think a few less people would use them?

if we said “how much debt are you able to support” instead of “what’s your credit limit”, wouldn’t people give more thought to going into debt?

~

Here’s George Ure (www. urbansurvival.com) talking about ‘Belief Sets’:

” Most people don’t pay much attention, at least most folks I’ve dealt with, on how their thought processes are bounded by belief sets. While most folks sit around and try to reduce their world to black and white or true/false statements, that’s really an artifact of living as a ‘thought-controlled’ person. Whether it’s an absolutist set of parents, a religious doctrine that denies personal investigation of the truth, or a socioeconomic group (e.g. gangs, just for instance), people that don’t look at the world as a grayscale menagerie are missing a significant opportunity to be more in touch with ‘reality’.

Reality ain’t simple stuff. ”

[4plexowner]

I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN

yes credit and debt are two sides of the same coin

I was trying to convey an idea about belief sets and how they can influence our behavior – how the naming of something (credit card vs debt card) is a reflection of our underlying belief sets

think about it this way: if we actually called it a ‘debt card’ instead of a ‘credit card’ do you think a few less people would use them?

if we said “how much debt are you able to support” instead of “what’s your credit limit”, wouldn’t people give more thought to going into debt?

~

Here’s George Ure (www. urbansurvival.com) talking about ‘Belief Sets’:

” Most people don’t pay much attention, at least most folks I’ve dealt with, on how their thought processes are bounded by belief sets. While most folks sit around and try to reduce their world to black and white or true/false statements, that’s really an artifact of living as a ‘thought-controlled’ person. Whether it’s an absolutist set of parents, a religious doctrine that denies personal investigation of the truth, or a socioeconomic group (e.g. gangs, just for instance), people that don’t look at the world as a grayscale menagerie are missing a significant opportunity to be more in touch with ‘reality’.

Reality ain’t simple stuff. ”

[4plexowner]

I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN

yes credit and debt are two sides of the same coin

I was trying to convey an idea about belief sets and how they can influence our behavior – how the naming of something (credit card vs debt card) is a reflection of our underlying belief sets

think about it this way: if we actually called it a ‘debt card’ instead of a ‘credit card’ do you think a few less people would use them?

if we said “how much debt are you able to support” instead of “what’s your credit limit”, wouldn’t people give more thought to going into debt?

~

Here’s George Ure (www. urbansurvival.com) talking about ‘Belief Sets’:

” Most people don’t pay much attention, at least most folks I’ve dealt with, on how their thought processes are bounded by belief sets. While most folks sit around and try to reduce their world to black and white or true/false statements, that’s really an artifact of living as a ‘thought-controlled’ person. Whether it’s an absolutist set of parents, a religious doctrine that denies personal investigation of the truth, or a socioeconomic group (e.g. gangs, just for instance), people that don’t look at the world as a grayscale menagerie are missing a significant opportunity to be more in touch with ‘reality’.

Reality ain’t simple stuff. ”

[4plexowner]

I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN

yes credit and debt are two sides of the same coin

I was trying to convey an idea about belief sets and how they can influence our behavior – how the naming of something (credit card vs debt card) is a reflection of our underlying belief sets

think about it this way: if we actually called it a ‘debt card’ instead of a ‘credit card’ do you think a few less people would use them?

if we said “how much debt are you able to support” instead of “what’s your credit limit”, wouldn’t people give more thought to going into debt?

~

Here’s George Ure (www. urbansurvival.com) talking about ‘Belief Sets’:

” Most people don’t pay much attention, at least most folks I’ve dealt with, on how their thought processes are bounded by belief sets. While most folks sit around and try to reduce their world to black and white or true/false statements, that’s really an artifact of living as a ‘thought-controlled’ person. Whether it’s an absolutist set of parents, a religious doctrine that denies personal investigation of the truth, or a socioeconomic group (e.g. gangs, just for instance), people that don’t look at the world as a grayscale menagerie are missing a significant opportunity to be more in touch with ‘reality’.

Reality ain’t simple stuff. ”

[Raybyrnes]

4plexowner
“I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN”

Credit card companies love you and AN . They love anyone who uses CC. Most companies make their guaranteed income on the merchant fees they charge not on the interest they earn from you. The more you and AN use their brand of card the more pressure they can put on the merchant to raise his fees which in turn means that the the merchant needs to raise his prices to accommodate the cost of CC fees that he is being forced to pay.

On small transaction from discover fees and pints can be greater than 10%

[Raybyrnes]

4plexowner
“I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN”

Credit card companies love you and AN . They love anyone who uses CC. Most companies make their guaranteed income on the merchant fees they charge not on the interest they earn from you. The more you and AN use their brand of card the more pressure they can put on the merchant to raise his fees which in turn means that the the merchant needs to raise his prices to accommodate the cost of CC fees that he is being forced to pay.

On small transaction from discover fees and pints can be greater than 10%

[Raybyrnes]

4plexowner
“I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN”

Credit card companies love you and AN . They love anyone who uses CC. Most companies make their guaranteed income on the merchant fees they charge not on the interest they earn from you. The more you and AN use their brand of card the more pressure they can put on the merchant to raise his fees which in turn means that the the merchant needs to raise his prices to accommodate the cost of CC fees that he is being forced to pay.

On small transaction from discover fees and pints can be greater than 10%

[Raybyrnes]

4plexowner
“I pay my cards in full each month as well – the credit card companies don’t like people like you and I, AN”

Credit card companies love you and AN . They love anyone who uses CC. Most companies make their guaranteed income on the merchant fees they charge not on the interest they earn from you. The more you and AN use their brand of card the more pressure they can put on the merchant to raise his fees which in turn means that the the merchant needs to raise his prices to accommodate the cost of CC fees that he is being forced to pay.

On small transaction from discover fees and pints can be greater than 10%

[Author]

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