There is a ton of information about credit cards on the internet. It is sometimes difficult to read and understand the terms of agreement that come with credit cards. Most of them are basic and are intended to protect the credit card companies.
The credit card agreement is a contract that allows the credit card issuers to charge off the account (write off the credit card debt) for non payment, transfer or sell the card to another bank or card issuer, change the terms and conditions, as well as sue you for default or breach of contract.
The video below helps explain financial terms to help you understand better how your credit cards and other loan products work.
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