...how folks with bad credit, are abused daily in this country. Check out this article about "pay-day loans". From the article: ...The annual percentage rate nationally for payday loans is 474 percent, according to a recent consumer study. Payday loans are legal in 23 states.... more go to: http://www.austin360.com/statesman/editions/today/business_2.html If lenders were allowed to charge these kind of rates to "prime" credit consumers, they'd be thrown in jail. Peace, Barry Noret CreditMania.com, Inc. A Unique Personal Finance Portal http://creditmania.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ *About our suggestions: We respond to your questions and make no claims that our suggestions will fit your exact needs. This is for informational purposes only and should never be construed as legal advice. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
This is why I have been preaching to exercise your credit. There is no better weapon against the credit thiefs than better credit, except for complete financial indepedence or no credit needs. With better credit, you can play the thiefs against eachother. I do it all the time. http://www.creditsense.com
Herb, I've been lerking around this board for over 3 years and throughout the years and all the change, one thing that has held fast is you my friend. Keep it up buddy, your ideas are good ones. Regards JP (the JP from OK)
Thanks JP. We are approaching our 4th year of paying 19.47% APR. We help exercise credit. In the battle with the greedy banks, there is nothing better than strength. http://www.creditsense.com
