Does a Credit Card Company Owe a Duty of Care to Its Customers?

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While credit card companies should owe a duty of care to their customers, they really do not at all. Find out how credit card companies can become your worst nightmare if you fall behind in payments with insight from the owner of a debt settlement company in this free video on credit cards.

Part of the Video Series: Credit Card Debt Information
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Video Transcript

Hi. My name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Does a credit card company owe a duty of care to its customers? They should. Do they really? No. They supposed to care about you once you sign up as a customer. They do care about you until your finances and you are paying them a lot of money so they can make a huge amount of profit. But once you actually need their help, would need some more money or anything like that, you would find out they are definitely not your friend. As a matter of fact, once you get in to trouble, they become your worse nightmare and your enemy. Having a credit card in the first place is really, really bad idea. Would I advise against it? Absolutely in every way, shape and form. Whatever you can do to avoid them, do everything on that. Use cash as much as you possibly can. Probably have one single credit card so you do have and you can build your credit and have a good credit history. But other than that, be careful, watch out because these guys are going to get you. And that is a real advice that I can give to you. Again, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching.

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