What would you suppose the interest rate on those cards would be? Definitely north of 20%. Inflation, interest and taxes is the toxic mix that’s destroying the middle class.
>>What would you suppose the interest rate on those cards would be?<<
Read the other day the average CC interest rate was 27.6%. Not sure if it’s true, but if so, that’s freaking legal loan sharking.
Got rid of my CC’s a few years ago. Hold an Amex I pay off each month. Never again will I pay CC interest.
Feel bad for folks with Adjustable-rate mortgages. Great when the rate is low, but boy oh boy the rates rise really fast.