Report: Credit Card Not Free Money

bills are annoying 2

AGOURA HILLS, Calif. — Cal State Northridge grad-student Derek Zithfvelt was appalled to discover the little plastic card he has been toting around in his wallet to use for expenses such as food, coffee, gas, and clothes was not free money but actually a credit-borrowing program designed to build consumer debt and benefit big banks through calculated interest. “I had no idea,”…