Forum Post: stop the banks from charging usuary interest rates now
Posted 13 years ago on Oct. 29, 2011, 10:29 p.m. EST by ted
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The banks are robbing the middle class people by charging usuary credit card rates of 25-30% and no one is stopping them.If they are worried about credit card defaults, don't lend to risky people in the first place! They are intentionally lending to the riskyso that they can charge these rates to everyone, without good reason and especially to those with good credit scores.because they know they will pay their credit cards on time.. They do not let us pay down our credit cards as most of the payment goes to the usuary outrageous interest rates! You and we must stop this practice by the banks who are stealing from the middle class with impunity.
pay your cc bill in time like a responsible borrower.
everybody survives on credit. business owners buy and sell goods on credit. they take a 30-day loan from their suppliers, and they make 30-day loans to their buyers.
credit is not new. so don't act like it is.