Just Wonderful Biden Economy

[TravisBickle]

Credit Card Defaults Spike to Highest Level Since Aftermath of 2008 Financial Crisis​

American credit card defaults have risen to the highest levels since the aftermath of the 2008 financial crisis as consumers grapple with years of high inflation.

Credit Card Defaults Spike to Highest Level Since Aftermath of 2008 Financial Crisis

American credit card defaults have risen to the highest levels since the aftermath of the 2008 financial crisis as consumers grapple with years of high inflation.

www.breitbart.com

 

[Lionfish]

 

[ULTRA MAGA]

The days of getting a favorable rate due to credit worthiness are over. Doesn't matter how high your credit score is you will be offered cards with rates at 20% or more if you're lucky.

 

[TravisBickle]

The days of getting a favorable rate due to credit worthiness are over. Doesn't matter how high your credit score is you will be offered cards with rates at 20% or more if you're lucky.

That is usury. CC companies need to be reigned in.

 

[ULTRA MAGA]

That is usury. CC companies need to be reigned in.

I replied to two offers on Amazon to get a "prime" visa and get a $100 gift cert and the same day I was offered an Amex "business" card for a $200 gift certificate.

So I applied for them and was approved within a few minutes and got my $300 in gift certificates as promised.

The cards arrived later and the Visa has a 28% interest rate on purchases and the American Express 23%.

The particulars of the offer stated the interest rate would be dependent on the applicant's credit worthiness.

I hadn't applied for any new credit cards in years and carry very little debt. My credit score is 810.

One can only imagine the interest rate for sketchy credit applicants. I threw them both in the drawer and deleted them from my Amazon wallet.

Fuck em.