Immoral userers.
Idiotic holders of such credit cards toting those rates who expect taxpayers and "the rich" to take care of them because of their complacent idiocy.
“Idiotic holders of such credit cards toting those rates who expect taxpayers and “the rich” to take care of them because of their complacent idiocy”
Well, I guess your ignorance can excused because you probably don’t possess a credit card.
FYI, a credit card holder doesn’t hold a card with a 27 percent rate. They have a normal rate and get a letter that says, blah blah blah, “due to economic conditions we are tripling or quadrupling your rate to 27%. Then a person who has excellent credit and has never been late on a payment, simply pays off the balance or transfers the balance to a competitive credit card. This is my case and the vast majority of people who own credit cards. (btw, this is a commercial lender who went bankrupt, I mistakenly thought this was C Citibank who will be going bankrupt on Monday.) Wrong bankruptcy.
However, people who have poor credit, can’t transfer their balance and are stuck with ridiculous rates. They are screwed. Normally, I wouldn’t have much sympathy for their irresponsible spending. But, that is no excuse for company’s to charge exorbitant interest rates. Especially when these companies were bailed out by the same middle class taxes that baild them out last year.
Your second comment about CC holders who expect taxpayers and “the rich” to bail them out, simply makes no sense and isn’t germane to reality. It’s not the CC holders who are getting bailed out, it is the piss poor managed banks and financial institutions who are getting bailed out.
I think he speaks of raising rates on people who pay on time, etc.