Debt companies and credit cards and stuff.? u know when someone uses one of those debt companies to

u know when someone uses one of those debt companies to pay off adjectives of your debts, how does that company end up making a profit when u end up payin smaller quantity?my mother says u pay smaller quantity. but i dont know how u can.

what up with credit card how do they work. can u save money using one if u use i properly.

and insurance companies. contained by the long term, do u pay more or smaller quantity? my mother says u pay smaller quantity but how the ** can u wen they r making a profit? can som1 clear this up for me. please

Answer:
One word: Interest

If you think those companies that pay bad your debts won't charge you interest, you're crazy. Though the interest of their loan may be less than a credit card company, they will still charge you interest.

As for credit cards themselves, there is no method you can save money by using one. The best thing you could do is try to grasp "reward points" like a lot of credit card companies hold out. If you pay off your credit card bill every month and simply build up the points, you only just might get some cool stuff

But, if you leave a match on your credit card, they will charge you interest and therefore you are spending more money than you actually spent

Some of those debt companies get hold of a commission from the companies that you owe money too. You may pay less per month, but the payments are also longer surrounded by duration. Some debt companies charge a service fee to their clients, but that depends on each company.

You can manufacture money off of credit cards if you know how to use them. Pay in full respectively month and you pay no interest. Get a card that gives currency back and you make money. Use internet to earnings your bill and you don't have to pay postage or check fees.

Insurance, capably, that's a necessary evil. You might come out ahead, or you might not - depending on what the insurance is for and if you have to use it or not. Insurance companies trade name tons of money because more people are paying in than they are paying out (at tiniest that's what I've read) and then they up the premiums every year pretty much too. They also have a broad procession of denying coverage.

The debt company bought the rights to the debt from the creditor for 25-50 cents on the dollar, so they have some room to haggle with you and still profit.

If you spend on a credit card, you enjoy 30 days free money before they charge you interest, not really saving money ...but it wasn't your money anyone spent in the first place..gives you 30 days to come up near your payment before they start charging you.

Its great to hold if you want to buy large items without dealing next to banking standards, waiting for cheques to clear etc...

If used wisely it builds a trust contained by your character which is something you will want when you purchase large items resembling a home or a car.