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Gordon Hageman couldn’t believe the credit card offer he got in the mail.
"My first thought, it was a mistake," Hageman said.
The wine distributor called the number on the offer, gave them the offer code and verified his information. Sure enough, it was right: the
pre-approved credit card came with a 79.9 percent APR.
Wow, I had one of those cards. I thought 29.9 percent was high. Good thing I defaulted back then instead of now.
Creditors really want to take people to the cleaners.
I wonder how many people will fall for the cards.
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