SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (24209)2/24/2005 8:15:06 AM
From: redfish  Read Replies (2) | Respond to of 116555
 
One of their favorite tricks is to offer a card with a relatively low interest rate ... but if you are late with a single montly payment the rate jumps to 20%.

So now customer who has charged up $20k expecting to pay 9% has to come up with $4k a year just for the interest.