Skip to comments.Credit Card Update
Posted on 08/18/2012 8:11:46 AM PDT by pabianice
Checked-out the application page for Capital One Card. Annual interest rates vary from 10.90 to 24.90 percent. Obama's Recovery Summer III is clearly in full-swing.
Just got a Capitol One Mastercard to use for my daughters college payments. I ALWAYS pay my cards off every month.
Many CC companies have varying interest rates, based on the applicant’s/holder’s credit history.
Those with poor credit are hit with higher interest rates.
That sounds pretty standard to me.
Saw an ad on TV. Tried to read the fine print but it was too fast. Looked like American Indians can lend you money at 89%. Anyone know what the deal is on this?
Should have tried Bing!
WESTERN SKY FINANCIAL is owned wholly by an individual Tribal Member of the Cheyenne River Sioux Tribe and is not owned or operated by the Cheyenne River Sioux Tribe or any of its political subdivisions. WESTERN SKY FINANCIAL is a Native American business operating within the exterior boundaries of the Cheyenne River Sioux Reservation, a sovereign nation located within the United States of America.
Looks like they can charge as high as 342.86%
Seems they haven’t given up scalping.
I don’t pay any attention to the interest rates on my credit cards. I pay them off each month. I get money at 0% interest for 30 days when I use the credit card. I have never looked at the interest rates that I might pay if I held over a balance. I don’t use credit cards to go into debt.
What does this have to do with Obama? This has been the same for years and years. Nothing changed.
WSF is a payday loan company..
I’ve seen that Western Sky ad, too. IIRC, all laws dealing with usury in this country are at the state level and only federal law applies to tribal lands. Think of the conditions within the Reservations as a pretty good sample of what we’d have nation-wide if the states were ever fully circumvented by fedgov. Mafia / Loan Shark interest rates are just the tip of the iceberg.
Ha, according to the Credit Card companies you are a “DEADBEAT”
The merchant uses dishonest scales; he loves to defraud.
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"
It’s silly to ever carry a balance on a credit card.
Is the rates charged by credit card companies something new to you? Or maybe you could just explain what the purpose of this thread is supposed to be.