Credit Cards For Fair Credit » principal balances

I want to start my own credit card company, and compete with Visa and Mastercard, how do I do it?

Author — Wed, 18 Aug 2010 14:25:45 +0000

MY Credit Card Company will only charge 12% interest instead of Visa's 25% interest rate.

Also, on my credit card, your credit score will ONLY be affected if you don't make the minimum payment. That's because my company is fair to the customer and acknowledges that the higher interest rate already compensates the company for foregoing principal.

If credit companies want to demand return of principal balances, then they should lower their interest rates to the bond rates of 5.5%.

I will compete with the credit card companies on my 12% interest rate and force them to lower their rates or go out of business.

IT'S ABOUT TIME!

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I am 26 years old with 20,000 credit card debt 25,000 school loan i leased a car for 474 a month?

Author — Mon, 26 Apr 2010 10:34:00 +0000

i have not fallin behind on bills but a pay minimum my principal balances on 5 crecit card does not seem to go down due to interest finance charge i dont want to pay 30,000 in interest over 20yrs for this debt im thinking about filing bankruptcy i cant consolidate what should i do i wish i was never given credit cards at 18 i under stand no one forced me to use them and i am responsible to pay but this a the united states biggest scam credit cards should be abolished if i only knew then what i know now