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Donewaiting Friendship Farm :: View topic - Senate Rejects Limit on Credit-Card Interest Rates
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Senate Rejects Limit on Credit-Card Interest Rates
http://donewaiting.com/board/viewtopic.php?f=8&t=27939		 Page 2 of 2
Author:  shanepeterson [ Mon Feb 14, 2011 6:35 pm ]
Post subject:  Re: Senate Rejects Limit on Credit-Card Interest Rates
First thing you keep in mind that Credit cards are unsecured debt. Therefore, the bank's credit risk pricing history of fundamental breach of contract and lack of collateral. If you have a 650+ credit score, you can easily find a card, a rate of 5% - 10%. If you have a low credit score (usually 650), your speed will increase dramatically, because you have not proven the responsibility of borrowing capacity.
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