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Mindful Money
Debt is profitable for the financial industry

Debt is profitable for the financial industry

And credit card companies use psychological tricks to earn more money

Rajat Soni, CFA's avatar
Rajat Soni, CFA
May 11, 2023
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Mindful Money
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Debt is profitable for the financial industry
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Your mistakes are their profits

If you want to improve your finances, it’s important to know how financial institutions make money from you.

Your mistakes are their profits. Lenders make more money if you don’t understand the psychology behind everything they do.

There’s a massive difference between credit card use and credit card debt, and this was someth…

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