Plus a $75 annual fee.
It is pathetic that our government allows this type of predatory lending to take place. These types of things didn't used to be allowed. There were usury laws to prevent such practices. Congress went and repealed them and that's when things really went down hill - payday loans, tax refund anticipation loans, credit cards for everyone and anyone, zero-down interest-only mortgages, etc.
Bring back the good old days when in order to borrow money, you had to first prove that you were actually capable of repaying it.
__________________
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
|