Love the idea!!! The card issuers are making a mint off of high interest credit cards. Borrowers are saddled with debt they can’t get out from under until they declare bankruptcy. Many do it numerous times The issuers have to eat that debt. It would be better to have reasonable rates that people can pay in a reasonable amount of time.
This is bullshit with the banks are saying and all that because my credit card used to be 10.99% and there was no issue then. Lower interest rates aren’t going to do any damage they’re going to make you pay your debt off sooner and then you’re going to buy again
Love the idea!!! The card issuers are making a mint off of high interest credit cards. Borrowers are saddled with debt they can’t get out from under until they declare bankruptcy. Many do it numerous times The issuers have to eat that debt. It would be better to have reasonable rates that people can pay in a reasonable amount of time.
Kudos 👏 💐 🥳
This is bullshit with the banks are saying and all that because my credit card used to be 10.99% and there was no issue then. Lower interest rates aren’t going to do any damage they’re going to make you pay your debt off sooner and then you’re going to buy again
The states should stop the usury. In NC the cap used to be 18 percent.
Finally, something to really help people who are being ripped off by these predators!