79.9 percent interest??

[Skylab]

http://finance.yahoo.com/news/Credit-cards-newest-trick-799-apf-3359014390.html?x=0&.v=4

WHY????? Why would anyone ever to be stupid enough to go for such a high interest rate?

[Studz]

http://finance.yahoo.com/news/Credit-cards-newest-trick-799-apf-3359014390.html?x=0&.v=4

WHY????? Why would anyone ever to be stupid enough to go for such a high interest rate?

This designed to target the poor who are in really tight situations and need to access the money and have no other choice.

Predatory lending. This is Capitalism run a mock.

[sadelb]

It could also be for somebody who has horrible credit and will do anything to get his or her credit score back to normal.

[kaisozyb]

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[ERR]

This designed to target the poor who are in really tight situations and need to access the money and have no other choice.

Predatory lending. This is Capitalism run a mock.

Anybody would do it, what about the people who accept these loans? they never seem to take any responsibility for agreeing to those type of terms.

[James Maxx]

First Premier are a bunch of crooks. They are the ones who started the whole introductory interest tactic and bad credit credit cards.

Its the credit card version of a subprime mortgage company.

[ERR]

First Premier are a bunch of crooks. They are the ones who started the whole introductory interest tactic and bad credit credit cards.

Its the credit card version of a subprime mortgage company.

It takes two to make a contract though. First premier are a bunch of crooks, but the people who do business with them are just as bad.