Ha, ha. Got to love it, stock down over 7 points to less than 6. Low loan demands, if the market really knew, is not the demand dummies, is the high rates. www.creditsense.com
Just a thought... It probably costs the same amount to issue a credit card with a low credit limit as one with a high credit limit. If people with low credit limits pay on time and avoid high fees for credit line increases, the only source of revenue is yearly fee (often waived) and the monthly interest charge. Although the interest rate is high, the dollar figure it is being multiplies by is often low. Maybe a better rate with a higher line of credit would have been better for everyone. Bottom line, thanks to sites like this one many people learned how to avoid the "rip-off" fees. I received a get smart card last month with a free card reader and a $1,000 credit line with a 19.9% rate. High rate + low credit line = very light use. I also will make 2 or more on-line payments a month.
