Getting your player ready...
NEW YORK — Americans still love their plastic, even if they don’t trust the credit-card companies dishing it out. A study released Wednesday by found 58 percent of respondents said they “somewhat” or “strongly” agree with the statement “I don’t trust credit-card companies.” At the same time, 82 percent say having at least one credit card is essential, and 77 percent said they like the convenience of credit cards over cash.
While seeing the pros and cons of credit cards, some 78 percent agreed with the statement that nobody really reads the terms and conditions when signing up for a card. The result is that people are later stunned by fees and penalties. The Associated Press; AP photo
