Draut explains that in 2006, credit card companies earned more than ten billion dollars in late fees, an accomplishment she attributes to current lack of regulation on the credit card industry (209). However, it fails to recognize that cardholders would not have to pay a single late penalty provided their payments are made on time. As mentioned earlier, Clayton states, “Most cardholders do not pay late fees associated with being late or going over their credit limit,” asserting that these fees are solely the responsibility of the cardholder (209). He also claims that “risk-based pricing allows people who manage their debt well to get the best and lowest price for their loans.” While it is true that paying a bill on time eliminates the problem of late fees and should be rewarded, Clayton does not admit that fees can quickly spiral out of control when a credit card company is allowed to change the terms of the agreement at will. By failing to acknowledge the clearly valid points of their opposition, both authors damage both their credibility and their arguments.