scoobfordtoNews@lemmy.world•56 million Americans have been in credit card debt for at least a year. ‘We are seeing pockets of trouble,’ expert says
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9 months agoBecause it’s pending exposure.
Now if you found a way to turn around and earn interest or earn extra with that money…now you’re cooking with gas. Just make sure the earnings are worth the relative risk, and that you hedge against that risk.
In the US, checks are much worse than paying with a credit or debit card. It is much cheaper for a merchant to take checks than either type of card, so that is why they’re usually used.
Also, the person in question might be very poor / bad with money and unable to get a credit or debit card.