Global issues

Why credit cards are not our friends ?

ist2_5647400-credit-cardsIt is a natural, normal human thing to live as is sad from the sweat of your brow, but nowadays we are encountering a policy of indebtedness; we are educated on how to live in debts by all means. All credits for personal needs are given now with a bonus: the “compulsory” credit card.

Credit Cards are specifically designed by banks to make customers to make debts and to pay interest. Normally if you take money from the credit card and the next month you return them back all you won’t pay any interest and any fees. But the credit card limit is at least 3 times higher than the salary and therefore is impossible to return all of the money next month and you begin to pay interest and fees. Next month it will calculate interest on interest already accumulated debt and the race goes on.

I have worked several years in the banking system and I can tell you from the inside, as I was saying to angry customers back then, that indeed the banking system is created in the benefit of the bank, and not ot the client. We can say that at first glance, things are very simple, but once used the credit card, bank software algorithms are very complicated. Thus when the client will ask for details of why his debt is so high, the representative of the bank will try to explain, but often not even they which worked with dozens of customers every day don’t  not know at the lowest detail how the system works.

Banks: Why wait to collect money for what you have dreamed of, when you can borrow money and have it immediately? Why should I suffer waiting?

If I need some money immediately, why should I not borrow from my brother, from my friend, mother or father, from a colleague or from someone familiar? Why I have to go every time to a bank?

Why did we get to be so foreign to each other? Why we do not help each other?

It is better to pay enormous interest and fees at the bank than asking a friend to wait until I give him the money? It’s true that I can not borrow from a friend fifty  thousands of euro to buy a  house but when it comes to less, I think I can.

The engine of an economy is not the banking system. The people and their work force and their power to work together is actually the real engine of a company and of the economy. Not the banks make people come together and interact within the economic world, but God is the One who helps us come together. He’s the arbiter of relations in which the only rule is – to love one another.

“And if you lend to those from whom you hope to receive back, what credit is that to you? For even sinners lend to sinners to receive as much back.”

(Balan Claudiu)



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