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Fun Facts
The origin of the word debt is dete, in Old French. Dete has its origins from the Latin word debitam, meaning “thing owed.”
Wondering why most credit card companies are incorporated in Delaware or South Dakota? It’s because they abolished usury laws, lenders there can charge whatever interest rate they want!
As of May 6th, 2009, the outstanding national debt of the United States stands at a little over $11.2 trillion dollars. (and by a little over, I mean $26 billion over $11.2 trillion)
Did You Know?
Merchants cannot require you to present ID, unless your card is unsigned.
The maximum liability for unauthorized use of a credit card (not Debit/ATM cards) is US$50 according to federal law
Many credit cards have programs that will automatically double the manufacturer's warranty and other excellent benefits
