- United States
- Letter
Credit Card Interest Rates
To: V.P. Harris
From: A constituent in Kingsport, TN
October 11
We need some heavy duty reform on credit card companies who are charging ridiculously high interest rates. hoose. Other loans from companies like Advance America can charge 100's of percent for loans they make. With millions of Americans in deep debt to credit card companies, the interest rates are exorbitant. They are allowed to basically charge any rate they c I'm hoping VP Harris will include a comprehensive plan to greatly reduce the level of rates credit cards can charge in her economic policies. How is it f air that cc companies can charge over 30% interest when national rates are low? Please consider a change in the way interest rates are determined. Millions of credit card debtors could pay their cards off more rapidly !