Comments for Borrowing Money from Credit Card? At 25-30%? Think Again »
Posted By WikiMap 7 months, 2 weeks ago in NewsThe interest one pays on a credit card is onerous. It can be in the 7% range for an excellent customer or up to the normal 18-22% area. Some even gouge you at 25-30%.
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CHAM7 months, 2 weeks ago
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Wiki. The problem with Credit Card Companies is that they are able to get away with anything. They work together as a Monopoly. And good or excellent credit, good payment record, Credit score, nothing will keep you from being scammed by them.
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What this country needs is a National Usury law and severe penalties for unethical or illegal conduct by those legal loan sharks.
This new Bill of Rights for the consumer is nothing but a farce. At least the last iteration of the bill I saw. All it really does is legalize more thievery.
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