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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (225869)10/23/2009 10:31:46 AM
From: zebra4o1Read Replies (2) | Respond to of 306849
 
Was shocked when my wife got one of those Citi letters announcing the 29% rate. Thought she had been forgetting to pay the bill or something.

I'm wondering if Citi is actually trying to get a lot of people to pay off their accounts in full? Maybe they are calling in their loans, because they need the cash?

Great business model. Borrow from government at ~0%, charge customers 30%.