February 26th, 2011 7:05 PM

TO READ THE SHOCKING STORY OF THE 79.9% CREDIT CARD BILL & HOW IT EFFECTS THE AGING PROCESS.... Click Here

As part of the new Consumer "Protection" Laws enacted at the beginning of the year, you too can have a credit card with an interest rate of 79.9%. That's not a typo, and it's not a spell check error, and the decimal is actually in the right place. As part of the Credit Card Reform Act ,some card issuers are charging a wheezing breath below 80% interest. It kind of makes you wonder if those in charge of "reform" actually read the legislation they are enacting.The person shown below is an actual credit card customer who has just received their monthly statement. The saddest part of all is they are only 34 years old.

 

 

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