[TAG] The Public Domain: Here Today, Gone Tomorrow

[John Karns]

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.

-- 
John Karns