is it true Banks have a Love/Hate relationship with poor people?

You pretty much summed it up. How many people with savings and credit use check cashing services or payday loans or wire money? It works the same way for credit cards: late fees, overage fees and penalty interest rates keep people under water much longer than they should be. Rent to own plans and bad credit car loans are among the most expensive forms of credit and the most difficult to figure out the real borrowing cost. Financial companies exploit people that lack options or financial education.

Issuer of 79.9% interest rate credit card defends its product

http://www.creditcards.com/credit-card-news/first-...

Honestly, I bet they make much more money off of rich people.

They'd probably never deal business with poor people if they had the choice. Poor people run up credit card debt that they can't pay. They quit paying. The bank charges late fees, etc but that's because it costs them money. Then after a while they can only send it to collections. When they sell it to collections, the collection agency pays them less than what the people initially charged to their card.

Rich people, on the other hand, leave tons of money in their bank accounts. The bank pays great interest but the bank earns more than they pay out. (And having $5,000 in your bank account doesn't make you rich.) Basically, banks earn money from the balances in people's bank accounts. Because of that, the banks are willing to wave fees for people with high enough balances.

I had a terrible relationship with my father which has improved somewhat now although I don't talk to him much, but I can think of at least three other gay men I know who had really good relationships with their fathers. EDIT: After researching NARTH since I first answered this, I have found that NARTH is -not- a reputable source at all, and are funded by evangelical and conservatives. They have absolutely no reputable scientific basis for any of their claims. Furthermore, I've made the determination that the ex-gay members of NARTH are either still sexually active with the same sex, psychologically damaged from their conversation, or were lying about being gay in the first place.

Your statement is absolutely NOT true. Many banks have free checking and overdraft protection loans that are easily attainable. If you can't handle the concept of overdraft fees, THEN DON"T OVERDRAW YOUR ACCOUNT! Has nothing to do with rich and poor. I really wish irresponsible people who can't handle a checking account would stop blaming banks for all their financial problems.

They love poor people because they are the ones who pay most of the fees. Credit card companies also love poor people that's why they targeted them for many years.

I don't know what you consider as a poor person, if they can have a checking account how poor can they be? And when you do get an account they tell you what to expect if withdrawls are over the amount which may have to be in it, we aren't rich an sometimes we have an amount taken out because of overdraft.policys they make. So it works for both,but you can't be to poor if you got an account, unless you make yourself poor by the withdrawls.