Met a single mother today who has many credit cards and personal loans. The interest rate on one was 39.9%!!! Unbelieveable! She luckily only borrowed a small amount, but even so, she'll be paying interest forever!
That's the record rate for me.
At 40% a year, it means that every 2.5 years the debt doubles!
Some lenders have no conscience!
Showing posts with label amazing. Show all posts
Showing posts with label amazing. Show all posts
Tuesday, December 15, 2009
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