http://www.impactlab.com/2009/12/18/subprime-credit-card-issuer-raising-interest-rate-to-79-9/
December 18th, 2009 at 9:56 am
Subprime Credit Card Issuer Raising Interest Rate To 79.9%
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In a recent mailing for a preapproved card, First Premier lowers fees to just that limit — $75 in the first year for a credit line of $300. But the new law doesn’t set a cap on interest rates. Hence the 79.9% APR, up from the previous 9.9%.
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Good law!
People can’t look to the gooferment for protection.
Self-defense is only course.
Worse than the Mafia?
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Reinke Faces Life 