Tag Archives: apr

Building Your Financial Future: Advice For 20-Somethings

photo © 2009 Andrew Magill | more info (via: Wylio)A lot of people always say that sometimes no credit is just as bad as poor credit. And I’d like to attest, this is correct. I, Amanda Miller, am in my 20s. Which means, you guessed it, I am the poorest I will ever be again [...]

My Interest Rates Went to 24%. What Can I Do? – Kevin

Kevin “Dear Steve, I need to get my creditcard situation under control. All my a.p.r.’s went to 14% to 24%. Now my debt to plastic is almost $14,000. I pay $400/month to the card services but $225 goes to service charges. I’m always on time with payments, have a 710 credit score, and make $32K/yr. [...]

I Have a Loan Through Bank of America and I’m Going to Declare Bankruptcy. – Nick

Nick “Dear Steve, I have a Loan through Bank of America and the APR IS 15.99%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!, I am going to declare bankruptcy soon if this isnt lowered. Can you Lower my APR? Nick” The Answer:   Dear Nick, These days 15.99% isn’t a bad interest rate on a credit card, But you didn’t say what [...]

Credit Card Companies Are Coming For You. Protect the Wife and Children.

I see a new advertising campaign in our future. When Banks Panic You Lose Even though the Federal Reserve has lowered its rate to 1%, banks are raising your interest rates in hopes of making a bigger profit. Oh yes, they are raising your fees or charging news ones as well. At a time when [...]

Outrage Over Credit Cards with 222% APR

Outrage Over Credit Cards with 222% APR QCK, UK - 1 hour ago The money must then be repaid at a rate that is more than 10 times the average APR of a credit card. Debt groups and politicians have expressed anger at the …