How fair are businesses treating its customers? This is a topic that can easily bring about conversation. To be more specific, is it fair for businesses to charge the lower income higher rates for more money? Or is it fair to charge them this even if the seller knows they may not be able to keep up the payments on time or may stop paying eventually. A colleague of mine talked about how she went to a tech and electronics store to buy a laptop with cash and the company ran a background check on her. Some people wished they got this treatment before they made a financial decision that put them into a bind, over stressed or in debt. Unfortunately, most companies may not factor in the opportunity divide when it comes to profit. The simple fact is that people seem to not have proper financial decision making skills or taught business negotiations and deals by their parents before they went to make an important decision. It seems as if most people in debt or people slowly slipping underneath the poverty line want corporations to be their parents. The people still want them to be honest and be told what to buy, what’s a good deal, and should I turn down this offer? Being able to turn down an offer is a great skill that the average person does not have when it is a necessary. People can’t always blame businesses for their lack of not reading fine print or negotiating. When you do figure this out, you have reached another question, why are they charging me so much or so little. Generally poor people are not reliable. Businesses may come to this conclusion by viewing credit, background, and other resources. If someone is not reliable, then a big risk must be taken, which means the businesses may try to penny pinch every dime the customer may have. People must understand that financing is not an ephemeral type thing. It can stick with you forever.
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