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First Premier Bank offers credit card with interest rate set at 79.9%

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Bombero1956 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 10:45 PM
Original message
First Premier Bank offers credit card with interest rate set at 79.9%
Edited on Thu Dec-17-09 10:46 PM by Bombero1956
That's right folks it's not a typo.

http://www.msnbc.msn.com/id/34468260/ns/business-personal_finance/

At that rate the loansharks seem like a bargain. Talk about predatory lending.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 10:48 PM
Response to Original message
1. Sigh. Just sigh.
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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 10:50 PM
Response to Original message
2. Yeah, but when you get your kneecaps broken...
...could you use your card to pay your mandated health insurance premium?

Brave new world.

.
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Bombero1956 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 10:51 PM
Response to Original message
3. kinda kicks you in the groin, huh?
no matter what they do in Congress these fuckers game the system.
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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 10:51 PM
Response to Original message
4. Thank goodness for those strong usury laws.....
nt
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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 11:12 PM
Response to Reply #4
6. Ayuh
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lunatica Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-17-09 10:53 PM
Response to Original message
5. Well hell! Where do I sign up?!
Can't live without credit!
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-18-09 12:19 AM
Response to Original message
7. I sure wish we had
one of those doomsday machines!
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