Credit card companies shouldn't charge Late fees

Well as we all know credit card debt is the worst thing to have.Interest rates are terrible but late fees makes it even harder to pay of the debt.I know thats the way credit companies work.It is there business so owe cant blame them to make money of high interest,but do you think late fees is legal or fair with us.Well i dont think so why because first of all if i miss the payment for one full months that will be unfair with the credit companies who lend you the money.What i am saying is credit card companies charge you the late fees just after one day if you have missed a payment.First thing is why people use credit cards.There are several reasons.they dont have any extra money to spend on the thing they really want or some people use it because its convenient to use it then writing a check or taking the money out of your pocket.When the time comes to pay that is the time for the credit companies to make money.They will do any thing to charge you as much extra they can.there is no tolerance for being late.Lets make the story short.Take the example of if a person used a credit card



because he doesn't make enough money to use for some stuff.Its easier for him to pay a little amount every month.Here is the best part.What if i couldn't get the money in time to pay the credit card bill.there i have $40 late charge and the extra interest.How do you think i can pay that extra money if where i didn't even had enough money to pay off the minimum payment due.So the distruction of your credit starts from here and the companies.Now i will be either late or will be unable to pay the whole amount every month.That will really build up my balance due.Nothing you can do about it.Companies will start harrasing you every day.You can beg or cry to them if they could help you in any way.They will say NO.What happens they end up loosing more then a half of there money by selling my account to a collection agency and my credit also gets messy.Both parties lose in this case.Thats where our economy is going.Every company is just greedy and want to just take last drop of blood out of you.As i recommend if you can avoid using credit cards please do,Because its easy to use one but wayyyyyyyy harder to pay of.