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Money and Finances
Reply to "Credit Card Fees passed through from merchant"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Musk and Trump killed consumer protection in this area Get ready fur higher fees for c cards and banking with no caps [/quote] I heard they are trying to cap credit card fees at interest rate at 10%? What would make more sense is to have it limited to a percentage over a published borrowing rate. Some of the rates in the 20s are outrageous, even with the cost of protections they have for consumers. It should be high but no that high. [/quote] Or how about you don't put things on a CC that you cannot afford? I'd argue that 85-90% of people with CC debt are there because of "wants" not true "needs". You don't need that new TV unless you have the $$ in your bank account to pay for it. I literally have never paid any CC interest in my life and I'm 50+. Because we simply don't charge things unless we can actually afford it [/quote]
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