How do you think credit card companies continue to grow even if there are thousands, if not millions of their card holders who do not meet their honest debts on a monthly basis?
Simply because they are not losing anything in this particular business and as a matter of fact, they are in the winning end of this business.
Take for example the Mastercard. This credit card company has become one of the top tier credit card companies in the world and still, this is a business strategy of MASTERCARD. Continue reading