http://www.usatoday.com/money/perfi/...card-apr_N.htm just what everyone needs to have at least a couple of :x
sorry about the link,it worked earlier. Try this one instead http://www.creditcards.com/credit-card-news/first-premier-79-rate-fees-credit-card-1265.php
This is absolutely absurd. In fact, this isn't even credit card lending. It is a lender factoring the debt to the consumer-which is a method used a lot in risky business/commercial lending and investing. A lender will extend credit with a payback of upwards of 80-90 cents on the dollar and that is not uncommon in a venture capital world of business startups and expansions. But it is ridiculous for this to be offered in a consumer lending environment and really chaps my.... There are enough problems with debt in this country already and these folks are just looking to take advantage of those who are desperate. I'm just going to stop my rant there:evil:
