Why does credit card agreement come in multiple pages, with really small fonts?

This question and answer originally appeared at Quora.

If this stuff was written in a way people could understand I expect the amount of people taking out credit cards would decline by 99%.

I’ve written about this elsewhere – I really think we should be restricting credit cards and enforcing honest marketing and T&Cs – but I won’t be holding my breath!

This answer first appeared here.

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Mark Underdown

Financial Planner, Small Acorn Money


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