The first Secretary of the Treasury of the United States, Alexander Hamilton, put up a proposal in 1790 to take over the debts of the many states and combine them into a single national debt.
What are three ways the credit card business profits from Dave Ramsey's clients?
There are three ways that credit card issuers generate revenue: 1) Fees paid by cardholders; 2) Business transaction fees; and 3) Cardholder interest.
What form of debt does a credit card always represent among the four?
Most personal loans and credit cards fall under the category of unsecured debt. Unsecured debt typically carries a higher interest rate than secured debt because it poses a greater risk to the lender.