Every Lender - Dead or Alive - Will Truly Worship You!
© Copyright Frank D. Kanu 2000-2008
A utility bill I received yesterday comes with a whopping 53.7% late fee—in case you pay late!
I really must be in the wrong business!
And I am sure that all banks, mortgage banks, CC companies—gee EVERY lender in the world would love to find out how to do that in a legal way! Just imagine—your CC statement is—let’s say $500.00; add the 53.7% late fee and let’s forget about those silly $39.00!
Of course—the utility company has the advantage of a monopoly.
Technorati (All Links are external): dead or alive lender love monopoly mortgage banks business ethics general
A utility bill I received yesterday comes with a whopping 53.7% late fee—in case you pay late!
I really must be in the wrong business!
And I am sure that all banks, mortgage banks, CC companies—gee EVERY lender in the world would love to find out how to do that in a legal way! Just imagine—your CC statement is—let’s say $500.00; add the 53.7% late fee and let’s forget about those silly $39.00!
Of course—the utility company has the advantage of a monopoly.
Think that helped them?
What do you think?
Tags:
dead or alive lender love monopoly mortgage banksTechnorati (All Links are external): dead or alive lender love monopoly mortgage banks business ethics general
This blog-entry is protected by a digital fingerprint:785273ed81985582c8a1be62f78c9459
13:51 on Thursday, November 2nd, 2006