Some laws need to be passed against usury. Read your bill from the credit card office. I saw a credit card with a
54% interest rate, so look out!
No, just follow Biblical advice and don’t borrow money at interet “it makes you a slave.”
Sorry, I feel bad for people with credit card debt, as I had some when I was an E-1 starting out in the Army.
I sucked it up, lived on base, sold my car, and gradually got out of debt. Paid for college with cash/GI benefits. I did buy a house with a 20/80 15 year mortgage -— and paid it off in 8.
People live above their means. I live below and have way north of a million dollars (almost two) in the bank/stocks/bonds -— and I don’t have some high income, either.
If you use the card and pay the balance every month, you pay NO INTEREST.