In the credit card industry, people who pays off their balance on time every month is labelled “deadbeat”.
People who carries monthly debts are “revolvers”.
But other consumers, like actor and author Ben Stein, use plastic purely for convenience. While it would appear that Stein — who says he charges a small fortune every month on his credit cards — is the ideal customer, in reality, he is what some in the industry call a “deadbeat.” That’s because he pays his balance in full every month.
Source: www.pbs.org
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