1. Credit isn't a wealth-building tool; it's a business that makes money for ... 2. Credit card companies make the most profit from ... 3. How you spend and give your money ...
Understand the Problem
The question presents multiple-choice queries regarding credit and debt, focusing on the entities that profit from credit usage and how credit companies make their profit. It seeks to identify correct responses from the provided options.
Answer
1. Credit card companies, banks, and lenders. 2. Charging interest to customers who only pay part of their monthly debt.
- is Credit card companies, banks, and lenders. 2. is Charging interest to customers who only pay part of their monthly debt.
Answer for screen readers
- is Credit card companies, banks, and lenders. 2. is Charging interest to customers who only pay part of their monthly debt.
More Information
Credit card companies primarily profit from interest charged to customers who don't pay their balance in full each month.
Sources
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