7. High Credit Card Interest Rates

Published by admin on March 9th, 2010

There are reasons which make credit card interest rates so high. High credit card interest rates make having this kind of debt a bad idea especially if it compounds very quickly after we bought things that quickly lose their value.

Duration : 0:3:49




19 Responses

  1. 4age20vbt says:

    This guy needs help …
    This guy needs help conveying his point. He bored me 1 1/2 into the video. Blahhh!

  2. Davidbzm01 says:

    This guy said “they …
    This guy said “they will always be high”

    This guy doesn’t understand that if EVERYONE stopped using the credit cards. All at the same time. The credit company will notice that your money isnt flowing into their pockets anymore and FIX IT. I don’t mean stop using cards forever. Just stop long enough for the banks to see WE HAVE THE CONTROL…

    Its as easy as just NOT using the card. When the money stops flowing they WILL HEAR YOU.
    No Violence, No weapons, No laywers.
    Just say NO.

  3. Davidbzm01 says:

    Everyone. Here’s …
    Everyone. Here’s how you fix it

    Take that credit card and cut it up.
    CALL THEM and cancel the account.
    Don’t just stop using it because they are currently working on a new penalty charge for “NOT USING” your card.
    They WILL get the message when 40 million people call them up and say NO.
    They wont have a choice but to fix it.

    When your? money stops flowing into their pockets. They will hear you.
    No violence. No weapons. No lawyers.

    Just stop using the card and they WILL FOLD
    Easy as that.

  4. bammbamm12 says:

    This guy is an …
    This guy is an apologist for the usurers? Interest rates on credit cards used to be much lower. The amount of profit these companies make is atrocious. That’s why everyone gets a new credit card offer every day. It’s like sending a hooker to a man’s front door. Run up your credit cards to the max – and don’t pay them anything.

  5. jkmehoff says:

    Support Congress …
    Support Congress Bill S500 it will help and Cap interest rates
    Pawnshops dont like it but they Charge 240% a year

  6. lulu4817 says:

    I say we should got …
    I say we should got back to be able to deduct credit card interest on our Federal taxes. Then interest rates will come down. The Feds would make sure of it.

  7. TheSheik154 says:

    Still chasing the …
    Still chasing the elusive book ) :

    Currently out of stock with the publisher. The bookstore said to try reordering in a month or so…

  8. lyndonsilva says:

    Nice work. keep it …
    Nice work. keep it up. mean time come for social media marketing for esteembpo**com

  9. ZerqTM says:

    its very rare but …
    its very rare but there are banks that lend only as much money as they have.

    and you earn lendable money by saving money over time…

    (the longer you have x sum of money in the bank then you can lend a similar sum over a similar sum of time… its something like that…

    which is a more honest system.

    (because it isent creating false money!)

  10. ZerqTM says:

    i am also …
    i am also considering moving my money to a bank that does not use franctional serverve lending too just so the banks can use my money to devalue the currency.

    (banks make money from nothing stealing the value of your money)

  11. ZerqTM says:

    i never borrow …
    i never borrow money on principle

  12. TheSheik154 says:

    Currently on order …
    Currently on order – should arrive in the next few weeks or so. Looking forward to it ( :

  13. savingandinvesting says:

    Good question – it …
    Good question – it can be ordered at any book store that is for sure suing the ISIN number etc. from book site – let me know how it goes please and thank you for interest. Michael

  14. TheSheik154 says:

    Is the book going …
    Is the book going to come out in Australia at any point? I know you can order it on-line if you’ve got a credit card, but I don’t (for reasons outlined here!).

  15. muby88 says:

    all videos are …
    all videos are excellent, soooo helpful to learn complex concepts, thankyou very much

  16. freezazoid says:

    sorry, I’m the …
    sorry, I’m the annoying guy, this is the last time I’ll mention it… The pace was really good and easy going on this vid. and again thanks for the really really great info!!!

  17. thejobloshow says:

    Brilliant video, …
    Brilliant video, thank you.

  18. edris88 says:

    Many thanks
    Many thanks

  19. nessto252 says:

    Looking for low …
    Looking for low interest rates? Visit us online @ thelowratepeople to get started!!!!


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