Skip to comments.No, You're Reading That Right 79.9 percent rate targets credit-challenged
Posted on 10/18/2009 7:18:23 AM PDT by FromLori
Gordon Hageman couldnt believe the credit card offer he got in the mail.
"My first thought, it was a mistake," Hageman said. The wine distributor called the number on the offer, gave them the offer code and verified his information. Sure enough, it was right: the pre-approved credit card came with a 79.9 percent APR.
Yes, 79.9 percent.
(Excerpt) Read more at nbcsandiego.com ...
Democrats got rid of usury hate to use this source but at least it lays out the truth on that issue
Chase Bank charged me 225% APR for an overseas ATM withdrawl.
Thank the democrats for getting rid of usury!
If they really wanted to change credit card use, they would make it so that the CC companies couldnt send offers thru the mail. The only way to get a card is to apply via Phone to get a form, fill it out and mail it back.
How many credit card offers do you get. My credit isnt that great and I still atleast five a week. If I was a weaker person, I would get them and rack up more debt.
The Credit Card issuesers bear some of the blame for handing out cards to anyone with a pulse.
Two actions you can take to stop receiving credit card offers are to visit a website and fill out a formal request: http://www.optoutprescreen.com, or make a phone call to 1-888-5-optout. This is an automated service that is supposed to be run by the main four credit bureaus, so it should stop all pre-screened mailings that come from any of the four bureaus.