Posted By Ladybug09
Posted Feb 8, 2011
Wow, this is crazy.
I was just going to post and ask if it was the KardashiKard.
^^^ I thought of that, too.
79% percent is usurious as far as I am concerned. These credit card companies that offer credit to those with prior credit issues are exploiting their desperate situation. They're just as bad those payday loan places that charge upwards of 600% interest.
There are no federal laws with regard to usury, its all dependant upon the state wherein the cc company is incorporated. That's why they choose to incorporate in states like deleware which have no usury laws.
(Thanks to google I am a genius in so many topics...)
Basically these are legalized loan sharks.
Incredible that people fall for this sort of thing.
Well, I now feel way better about the interest on my cc....LOL