[nicola_tesla]

I’m thinking 70s - anywhere from 14-20%. I wonder what the credit cards will charge ?

If I had cc debt in this environment I’d pay it off asap.

[EGPWS]

If I had cc debt in this environment I’d pay it off asap.

Why?

If one has CC debt in the first place without payment in backing, obviously thought and concern has already been lost.

[CowboyJay]

I’m thinking 70s - anywhere from 14-20%. I wonder what the credit cards will charge ?

Nah. A-rates will continue to be A-rates. Driven 99.5% by the Fed discount rate and/or Prime, and the rest by consumer demand. Nobody with a FICO over 680 will be affected. Subprime lending is already a dying institution, and this will be another nail in the coffin.

The B-paper folks will probably be paying a little bit of a premium, but not much. My guess is it will lead to more scrutiny by lenders at the underwriting level. Really, that's in the best long-term interests of everyone involved anyway.