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Yahoo Answers! Credit Cards This is a RSS feed for Topics from Yahoo Answers! That pertain to the discussion of credit cards, bad credit cards and credit limits. Feel free to discuss this in the credit card discussion Forum. MEMBERS WITH THE DESIGNATION Powered by Yahoo! Answers under their names ARE BOOTS FROM YAHOO ANSWER...! NEW THREADS MUST BE STARTED ON REGULAR FORUMS, MEMBERS ARE HOWEVER ABLE TO ANSWER OR PARTICIPATE WITH CURRENT THREADS...

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Old 10-26-2007, 01:11 AM   #1 (permalink)
omgahitsbritt08
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Credit card debt is often created when an individual chooses to ignore __________.?

a. supply and demand
B.scarcity
C.the fine print
D.long term economic consequences

I will give who ever gets this right 5 points.
 
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Old 10-26-2007, 01:14 AM   #2 (permalink)
huoxingc
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D. long term economic consequences
 
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Old 10-26-2007, 01:14 AM   #3 (permalink)
liorio1
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c. the fine print, add in lack of financial savvy and credit card trickery (read the fine print) and you got a person paying a min. payment at a mega interest rate. Worst of all they will keep doing this until one day they realize that their min. payment has gone up so much, but it is not paying off the balance as much as they thought. So they finally really look at the statement and to their shock and dismay find that only 2% is toward principle and the rest toward interest. Now what to do? Stop using the card and pay the max amount you can afford until that balance is zero. Exercise discipline in future purchases.
 
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Old 10-26-2007, 01:14 AM   #4 (permalink)
Beth
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All of the above!!
 
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Old 10-26-2007, 01:15 AM   #5 (permalink)
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b) Scarcity.

Scarcity is the idea that if you have one dollar, you can only buy one 99c item at your local fast food joint as opposed to complete three item lunch (drink 99c, burger 99c, and fries at 99c).

However, if that fast food joint takes credit cards, you now can buy a whole meal . Remember how you only have one dollar? Now you created credit card debt.
 
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Old 10-26-2007, 01:15 AM   #6 (permalink)
shrades77
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D.
 
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