Cardholders in debt for a long time
Problem:
Question1. How might credit card companies keep their cardholders in debt for a long time?
Question2. What payment do the credit card companies expect your friend to make so that he never pays down the debt?
Explain in detail.
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A friend of mine asked me this today, and I didn't know. I remember studying the menstrual cycle a few years ago, but I can't remember the details (other than it was very hormone-related), and so I don't have a good base in the matter anyhow.
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A company that receives money in advance of performing a service:
How might credit card companies keep their cardholders in debt for a long time?
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