No, You're Reading That Right 79.9 percent rate targets credit-challenged

www.nbcsandiego.com...

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.

Existing thread here:ATS

Originally posted by jtma508
Existing thread here:ATS

oh oops

sorry

ty for link