Discuss credit card debt-high interest rates


Problem: I always find it amazing at how much money the credit card companies are able to make on the interest and fees. I look at the settlements that the credit card companies are able to do receiving only 40% of the balance. It shows how much they are able to make that they can afford to settle for a small percentage that is probably around the original purchase price on many of the items. Explain.

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Finance Basics: Discuss credit card debt-high interest rates
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