They are exacerbating the opportunity for the low wage people, by giving them credit cards. The company targets the low income people, because they know that they need the money, and they are not making that much money to pay off their credit cards in time. The company’s takes advantage of the opportunity for them because they can’t save their money to move on with there life, because they are in a lot of death. Every penny that they make has to go back to the company’s that lends them the money.
The government on the corporations is responsible for that matter. First the government knows about this issue because they know about the corporation, because they gave them permission to have that business in the first place. So the government is a big part of that action. Second the corporations because they come up with this business, so people like us could borrow money from them, because we don’t have it. They didn’t teach us about it, they just send it to our front door. They take advantage of us, they abuse us, with their credit card, and they hide everything from us. They put us in debt with smiles on their faces, because that’s how they make their money. They know some of us are not going to say no, because we really need that money. In the end we are not going to have that money to pay it back, so we are going to accumulate interest on the money we already owe them.
We need some resource in place where it is free and available to everyone. This resource is going to teach them about credit card, teach them everything that they need to know about credit cards. This resource should be in very state and very country that has credit cards so people can understand how to spend and be free from debt.
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