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easy money - 'til the bills start coming in

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Here's a good reference on usury laws in the USA. There's no federal usury law; states can do whatever they want - or nothing. Of course, the lack of usury control in a particular state invites credit card issuers (banks, etc.) to take up residence.

https://www.bankrate.com/brm/news/cc/19980202.asp

But what really gets me is how uncritical many folks are about what they sign up for. All you have to do is go to that webpage (first post) and see the interest rates. Unreal. Yet the company stays in business - because people do business with them.

Heaven forbid we save up and pay cash for something. Who can afford two SUVs, a 12 room house, a boat, and new "stuff" every day if they have to pay cash?

Tom
 
I live in NY - you will notice that they don't do business there. I guess 21% just isn't enough of an roi..
 
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