Banks Gone Wild
In an Op Ed piece in today's New York Times titled "Banks Gone Wild", Joe Lee and Thomas Parrish write about how credit card issuers are seeking “revolvers” - people "who are likely to pay little more than the monthly minimum — and who eventually find themselves in thrall to mushrooming interest payments, abundantly garnished with late fees." They go on to ask whether anyone can afford to pay debts charged a 30 percent interest rate?
Add your comment... (note that all comments are reviewed before they're published)