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Lamplighter · 11-20-2010, 01:19 PM

We recently had a significant breakdown on our car, and the repair bill was more than the free cash we had on hand.
So I signed up for a Goodyear credit card that gives interest free for 6 months. I will pay it off before 6 months.

BUT... If the account balance is not paid off within 6 months, the interest rate goes up over 29 %,
and the fine print makes it look as though that rate is back-dated to the original date of purchase.

I can't put into words the outrage I feel towards any company that would charge such rates.

If the TeaParty-ers are going to revolt on anything, the first priority should be against the credit card industry
and the US Supreme Court decision that effectively nullified all State laws on usury.

11-20-2010, 01:19 PM	#24
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	We recently had a significant breakdown on our car, and the repair bill was more than the free cash we had on hand. So I signed up for a Goodyear credit card that gives interest free for 6 months. I will pay it off before 6 months. BUT... If the account balance is not paid off within 6 months, the interest rate goes up over 29 %, and the fine print makes it look as though that rate is back-dated to the original date of purchase. I can't put into words the outrage I feel towards any company that would charge such rates. If the TeaParty-ers are going to revolt on anything, the first priority should be against the credit card industry and the US Supreme Court decision that effectively nullified all State laws on usury.