The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: FrozenZ who wrote (9916)	3/11/2004 11:36:58 AM
From: Pacing The Cage	of 110194

Re:". I get "free credit card checks" in the mail almost every week to pay off my credit cards with and have 5.47% yearly interest on the balance for the life of it." See what happens to that 'fixed' 5.47% rate if you are late on a payment or two. The 'fixed' rate will suddenly become 19%-21%. Some card companies have even been caught and fined for holding payments that were made on time, just so they could collect late fees and raise interest rates. They are vultures. "The banks are trying everything they can think of to create more debt." We agree on that point 100%

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