Quote:
Originally Posted by Tom
Actually, you are adding good info to the discussion, unlike many
political threads.
Economically speaking, what if interest rates on CCs were capped at an honest rate...not the enormous rates we see today? No debt wiped but a reasonable price for the loans?
Seems getting money into people's hands, especially lower income people can be very positive for everyone.
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I'll agree on one thing.
CCs should be way more selective on who should have a credit card and the limits that they give. That would cure a massive amount of the reason why cc rates are so high.
