[TAG] The Public Domain: Here Today, Gone Tomorrow
jkarns at etb.net.co
Thu Sep 8 19:49:16 MSD 2005
On Mon, 5 Sep 2005, Jimmy O'Regan wrote:
> Mike Orr wrote:
>> 22.9% interest? That's even worse than putting it on a credit card. The
>> maximum credit cards can charge here is 18%. But if they're talking loans
>> and APR, that's different than I was talking about. I was talking about
>> something more like a subscription.
> I don't have a credit card, so I can't say for sure, but I think that rate is
> roughly on par with credit card charges here. I did mention that it was hire
> purchase, I assumed you knew what that meant, though I will admit I was wrong
> to say "they're not calling it 'hire purchase' anymore", it quite simply *is*
> a loan.
ISTR reading the fine print on one of the credit card offer mailings I
received not too long ago, and noticed that the rate was somewhere
around 22%, so I don't think that the 18% rate is universally applicable
in the U.S. anymore either.
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