Consumer Impulsiveness Is Bliss For Credit Card Companies

Wednesday, September 12, 2012, 2:00 AM | 2 Comments

Credit card industry can be tricky but only for those folks who do not want to read the fine prints that come with the credit application. It’s fair to say they do not want to know what they are getting into when they sign the paper.

It’s nobody’s fault except the card holder when they get into heavy debt by using their card to purchase anything they see in the marketplace especially the ones that are on sale which they have to have it regardless whether they need it or not.

They don’t give a damn if they max out their card. They just want to keep using it without realizing how much they have spent in a month. When they receive the bill and can only pay the minimum, they want to be blessed with more ignorance.

Consumer Impulsiveness Is Bliss For Credit Card Companies

Credit card industry is the winner…

The credit card industry makes more money by hoping consumers would remain ignorant and impulsive so it can be the perfect joy for the companies.

I thought you could beat the credit card companies at their own game and I still do but for many folks it’s still getting harder and harder to pay even the minimum. The more they use their credit card, the more they want to use it. For many, there is no stopping of their shopping and spending.

Some psychiatrists have written about human inner ugliness, fear, and doubt extensively. Those kinds of humans have acted in life irrationally and recklessly without giving it second thought of how their adverse action might affect their own life and that of their loved ones.

Other experts have termed their behavior as having Attention Deficit-Hyperactivity Disorder (ADHD) which can be due to a combination of inattention (or hyperactivity) and impulsiveness.

Wikipedia further defines impulsiveness as…

Impulsiveness is a personality trait characterized by the inclination of an individual to initiate behavior without adequate forethought as to the consequences of their actions, acting on the spur of the moment.

Simply put folks who buy things on the spur of the moment and not thinking how they would repay the money are screwed up people and have something missing in their life.

Impulsive shoppers will not listen to “nobody”…

No matter how much someone tells them (like this blog and others) to stop spending money recklessly and needlessly, it will not help those who are chronic shoppers and over-spenders.

They do go online but only to shop and not to read a blog like this advising them to slow down in their shopping spree.

None of the tips by bloggers and experts in the world can help those folks who have a brain issue called ADHD. In this blog, I use ADHD strictly for impulsiveness.

Impulsive shoppers need medical assistance…

They need medical assistance, most probably a shrink of some kind to help them to be careful spenders and purchase the absolute necessary things to sustain their physical and mental life.

The most drug that doctors prescribe is Ritalin (Methylphenidate) which according to PubMed Health under NIH.Gov can be habit-forming. That probably means it’s addictive if continuously taken in larger doses for longer periods of time.

To avoid putting you on Ritalin by your doctor, it’s best to use your own mental power by being strong in the face of impulsiveness with your own free will to stop the nonsense of non-stopping shopping spree.

In a Nutshell
It’s about time we all woke up and stop this nonsense of never-ending spending of all kind and consequently keep getting into credit card debt deeper and deeper.

It’s you who decides what’s best for you as if you really know what’s best for you. That will be the day.

Some folks say they will start on the program (any program for that matter) tomorrow but good old blue eyes once sang: “Forget Domani. Tomorrow never comes.”

Let’s clear our little gray cells for a moment (Agatha Christie.)

Let’s listen to Frank.

When you are in love with shopping, tomorrow (domani) never comes.

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  1. 2 Responses to “Consumer Impulsiveness Is Bliss For Credit Card Companies”

  2. By shojib on Oct 8, 2012, 3:48 am | Reply

    I was overseas at the end of august and for each transaction I made with my credit card I was charged a foreign transaction fee. Thankfully the fees were minimal but it’s something to know going forward when I travel overseas.
    process credit cards

  3. By Habibur on Oct 8, 2012, 6:29 am | Reply

    That terminology, even when supported by the payment processor and submitted via payment processor API as “pre-auth” or “preauth”, is always sent through the associations for an issuing bank authorization as an “Authorize” transaction.

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