Comments on: Why Can Credit Card Companies Charge Such High Interest Rates?

By: PHIL ROSE

PHIL ROSE — Thu, 30 Jun 2011 18:40:41 +0000

States are allowed to charge high interest rates.
there needs to be a bill passed to put a cap on what they charge.

By: How Being Late On Your Phone Bill Can Spike Your Credit Card Interest Rate: The Universal Default | National Bankruptcy Forum

Sun, 20 Dec 2009 01:56:30 +0000

[...] have on things they don’t need. Having said that, I believe the heart of the problem is the usurious interest rates that credit card companies charge “customers.” In what universe is 30% interest [...]

By: What are my options for getting out of credit card debt? | National Bankruptcy Forum

Fri, 11 Dec 2009 04:38:42 +0000

[...] can the credit card companies expect you to survive while charging clearly usurious rates of interest? They don’t. Any [...]

By: Fitch: Credit Card Delinquencies Skyrocket | National Bankruptcy Forum

Fitch: Credit Card Delinquencies Skyrocket | National Bankruptcy Forum — Thu, 03 Dec 2009 23:40:51 +0000

[...] this week indicates that the level of credit card defaults in America is skyrocketing. U.S. credit-card delinquencies continued their climb in October to near record highs, as charge-off rates are expected to rise, [...]