All those credit card solicitations sound pretty exciting, especially when the headlines stating "no payments or no interest for two years", are written in HUGE BOLD LETTERS to get your attention.
But, in order to escape the credit trap these credit card companies have set up for you, make it a point to go first to the "fine print" section and read that.
The special offers, and their accompanying enticements ALWAYS HAVE STRINGS ATTACHED, and the main string is that the offer is only meant to last for a certain specified period of time.
The card companies are required BY LAW to reveal all of those strings to the public, but nothing says they have to draw your attention to them or point them out to you.
As long as they are present somewhere on or in the document, (which is the whole reason "the fine print" section came about), they are within the boundaries of the law.
It doesn't matter whether you can find it, or read it without a magnifying glass, you still need to be pretty well educated to UNDERSTAND IT.
The big words and legalities they use to trip you up can deceive even a financial expert.
That's why you need to "really" read the "fine" print in any offers the credit card companies send you.
Believe me, they have worded the document, in such a way, they are the ones that have the edge.
It's much like going to Las Vegas, thinking the odds are "ALL" in your favor, and are going to "take" the Casino for all it's worth.
As long as you know that, then you can make "sound" judgements prior to "signing" on the dotted line..
...
But, in order to escape the credit trap these credit card companies have set up for you, make it a point to go first to the "fine print" section and read that.
The special offers, and their accompanying enticements ALWAYS HAVE STRINGS ATTACHED, and the main string is that the offer is only meant to last for a certain specified period of time.
The card companies are required BY LAW to reveal all of those strings to the public, but nothing says they have to draw your attention to them or point them out to you.
As long as they are present somewhere on or in the document, (which is the whole reason "the fine print" section came about), they are within the boundaries of the law.
It doesn't matter whether you can find it, or read it without a magnifying glass, you still need to be pretty well educated to UNDERSTAND IT.
The big words and legalities they use to trip you up can deceive even a financial expert.
That's why you need to "really" read the "fine" print in any offers the credit card companies send you.
Believe me, they have worded the document, in such a way, they are the ones that have the edge.
It's much like going to Las Vegas, thinking the odds are "ALL" in your favor, and are going to "take" the Casino for all it's worth.
As long as you know that, then you can make "sound" judgements prior to "signing" on the dotted line..
...
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