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Every credit card I have has had the interest rate jacked up to near or above 20%. [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
PassingFair Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-12-09 11:20 AM
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Every credit card I have has had the interest rate jacked up to near or above 20%.
Advertisements [?]
I have a thousand dollar balance I carry on
ONE card, I pay the rest in full each month.

Most are store credit cards that earn "points"...

Are we seeing the END of affordable credit?

What the hell is going to happen to folks who
carry large balances? Bankruptcy will be the
ONLY way out....

and NO ONE is going to purchase big ticket
items and durable goods.

I feel like nails are being pounded into the
coffin lid of our economy.

:cry:
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