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RMR: Rick’s Rant – Credit Card Rates


Ricks Buy cheap Accutane Online Rant for January 12, 2010

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This entry was posted on Thursday, July 15th, 2010 at 9:09 am and is filed under Credit Repair News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

15 Responses to “RMR: Rick’s Rant – Credit Card Rates”

  • 1
    larrydallas187
    July 15th, 2010 10:07

    tell that to the teenagers that are preyed upon buy the credit card companies.

  • 2
    bpidduck
    July 15th, 2010 10:18

    Hmmm … how about NOT borrowing money? Or perhaps checking your rates BEFORE you borrow?

  • 3
    jackiechan511
    July 15th, 2010 11:01

    Rick Mercer should advocate a interest rate cap (say a max of 10%)

  • 4
    corky064
    July 15th, 2010 11:04

    “…And I felt like the dude from the Devinci Code. Looking at the parchment, trying to decipher what exactly happened over the holidays.”

    LOL.

  • 5
    Chanceis
    July 15th, 2010 11:50

    Ummmm….. If you don’t want to pay 20% interest then pay your bill when you get it and don’t roll it over into the next month.

  • 6
    BootstrapBranding
    July 15th, 2010 12:15

    I share his resolution. My goal is to eliminate ALL CC debt within the next 12 – 18 months. I will only have one CC, for my online business transactions and emergency use… and of course, travel. Which brings up this point…

    Ever tried to pay for a hotel room with cash or debit card? They want a $200 deposit (minimum) just so you can keep that charge OFF your card! You are being ‘punished’ for being fiscally responsible. Makes ya wonder… keep CC companies and credit counsellors in business.

  • 7
    imaginetheresno
    July 15th, 2010 12:58

    Credit Cards can be a wonderful slave or a terrible master….YOU have to decide which you want to live with!

  • 8
    MarcZou
    July 15th, 2010 13:11

    Loan sharks…lol…

  • 9
    quixote22
    July 15th, 2010 13:25

    Amen!

  • 10
    Robotman42
    July 15th, 2010 13:25

    “Don’t spend more than you can afford.” end of story.

  • 11
    starscream1122
    July 15th, 2010 14:15

    awesome rant!

  • 12
    aqnd
    July 15th, 2010 14:26

    Fees are paid by merchants, not by Visa, Mastercard, et al.
    So if no one carries a balance, there is no net cost to the CC companies.
    20% interest in a 2% interest market is absurd.

  • 13
    desolate2
    July 15th, 2010 14:40

    “examine some protozoa” that was hilarious lol

  • 14
    lazar88
    July 15th, 2010 15:15

    The credit card industry is extremely expensive to operate. Without high rates it couldn’t exist, particularly considering most people pay off their bills before any interest is charged. If the rates are too high people will stop using them, or a competitor will lower their rates. Why do none of them lower their rates to get all of the customers? See my point above.

  • 15
    XRayden
    July 15th, 2010 15:29

    Words!

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