Don’t worry, you’re not alone. Millions of good honest hard working people are being forced to work even longer hours just to make ends meet. It’s not fair. While major credit card companies are getting bailed out by our Government, aka “We the People”, they have lined up and received low interest loans which are near 1%. Very grateful for these low interest loans, they have in turn raised many of their customer’s credit card interest rates and fees to astronomical levels. Many of these companies actually used these loans to give themselves million dollar bonuses. It’s not fair and it certainly is not ethical.
A recent vote in the US Senate was voted on to limit or cap high credit card interest rates at 15% and it was voted down. The Government has placed caps on many Credit Unions but why did they vote these limits down for the National Banks. Who is benefiting from these almost illegal usury rates. Millions of hard working citizens are certainly not benefiting from these bail outs. Where can you turn to get that extra cash you need to pay your bills?
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