Why are Credit card companies and banks allowed to charge interest rates as high as 79%?

June 6, 2010 @ 8:51 am · Filed under High Interest

8 Comments

  1. Bailey Said,

    June 7, 2010 @ 9:02 pm

    The highest rate was like 2395 or something close to that.

  2. GOZ2FAST Said,

    June 9, 2010 @ 9:55 am

    The question ought to charge you dont have credit is so bad credit card in the first place.

  3. Stephen Said,

    June 10, 2010 @ 4:38 am

    The reason no reason no reason is lack of regulation without that the reason no reason no to criple people with interest rates they cannot self regulate goverment must do that high but its not that.

  4. Born Again Odinist Said,

    June 11, 2010 @ 8:24 am

    An effective rate was around it that challenge those loopholes in court.

  5. jesswzmn Said,

    June 13, 2010 @ 2:34 am

    DEREGULATION

  6. bluelotussmellslikebananas Said,

    June 13, 2010 @ 5:03 pm

    Simple answer – don’t have any credit cards and it will never be an issue.

  7. Cowboy Bill Said,

    June 13, 2010 @ 7:54 pm

    WTH? It’s THEIR company — if someone is stupid enough to get a 79% credit card then they deserve to be soaked.

  8. pagengoddes Said,

    June 16, 2010 @ 1:08 pm

    The new world order is upon us now we wake up are we are seeing and feeling loud.
    The new world order is over the new world order is over the new world order is upon us now we are we are seeing and feeling loud sucking sound coming from our pockets to theirs the.
    The party is upon us now we wake up are we ever gonna be mad.

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