Holy crap, you thought 7.9% interest rates were high, take a look at the new "The Easy Shop Card" offered by home credit firm Provident Financial.
This is happening in England.
Its aimed a poor people, of course.
Is this a result of the world economic crisis, yes. Will we see this sort of thing in the USA - need we ask.
Considering we just bailed out banks to the tune of $700Billion, massive interest rates seem fair to me.
The Independent: Payment card charging 222% branded 'wicked'
A payment card aimed at low income consumers that charges a 222.7 per cent APR was branded as being "wicked" today.
The Easy Shop Card is offered by home credit firm Provident Financial in a tie-up with catalogue shopping group Argos.
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