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Money and Finances
Reply to "A few questions about credit cards"
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[quote=Anonymous][quote=Anonymous]You're wrong, 1159. The industry refers to those who pay off their balances every month as "deadbeats." http://www.pbs.org/wgbh/pages/frontline/shows/credit/eight/[/quote] Oh PBS said so? Well, jeez, I cant imagine why PBS might sensationalize something for you know, the sake of a pithy statement. They are called transactors. Those who occasionally revolve are called Transvolvers. Those you regularly revolve are called Revolvers. I've been in the industry 30 years and I cant think of a single time I've heard anyone refer to them as deadbeats. To the contrary, as I've said, they are a highly sought after profitable customer segment. [/quote]
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