But but but... BOOTSTRAPS!

[dwer.livejournal.com]

Comments

Re: Yep, that sounds like democrats.

[roseofjuly.livejournal.com]

The fine print for most credit cards is the same. Minor details my differ - the amount of interest, how much it goes up if you fuck up, that sort of thing - but any credit card has in their terms that they can raise your interest and slash your limit if you default somewhere else/your credit dips.

Plus, it's one thing to know what good terms are and how to read the fine print of a credit card contract when you're older and have experience with these kinds of things. Credit cards companies set up tables at colleges and give out free shit for filling out applications. 18-year-olds are not going to read the fine print and they are not encouraged to, either. I remember when I was filling out an application at 19, I read EVERYTHING I sign, and the guy doing it was getting really impatient and trying to rush me through by "summarizing" the contract.

Not that it's not their fault and they should bear the responsibility for the loan - and not that I think credit cards are evil, either. They are very, very useful, and the terms aren't always unfavorable, provided you don't get into any emergency situations.