Just Wonderful Biden Economy

TravisBickle

Savior Archetype Gone Bad
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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.
 
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.
 
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.
 
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.
 
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