Quote:
Originally Posted by laconic1
Although I do think that some corporations do act unethically and take advantage of people that are too stupid to think correctly.
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Not to point you out laconic, but it seems this is also a pretty prevalent attitude.
I don't understand why this mentality is applicable - it isn't as though the disclosures are written in legalese or in some mystifying language - they are quite up front and easy to understand. This is How much you are borrowing. This is your interest rate. This is how much you'll pay back in total.
Not rocket science - and if these people are really that dumb, you can't really expect them to be successful in anything they do in life - they shouldn't be surprised they are failing that miserably in personal finance.