From the PATRIOT-NEWS:
…We Americans need to curb our appetite for plastic. Too many of us are caught unable to pay off the balance of our credit cards and face high interest charges and a difficult road to ever paying off credit card debt.
But just as troubling and worrisome is the increase use of prepaid debit cards. They are the fastest-growing type of electronic payment in the country, and more people are using them with the belief they have a cheaper cost than regular credit cards and that users can more easily control their spending.
Unfortunately, they come with several charges that consumers don’t always understand, and they lack federal oversight, which is something that must change…
Click here to read the full article.
