My credit card had a 79.9% APR

[bhrami]

Toni Riss had a credit card with a 79.9% interest rate.

The 58-year-old woman from Texas thought she struck gold when she found the First Premier card, which is aimed specifically at consumers with poor credit.
I had an accident on a motorcycle, went through bankruptcy to pay for medical expenses and my credit went to hell in a hand basket, so I was looking for credit cards for people with bad credit" Riss said.

They granted her a card with a $300 limit -- typical for new customers -- and a starting rate of 29.9%, which Riss said she considered decent given her credit score.

But about six months after opening the card -- at the end of 2009 -- she received an unwelcome surprise in the mail.

"I about had a heart attack when I got a disclosure notice saying that my starting rate of 29.9% was going up to 79.9%," said Riss. "It was ludicrous. Talk about a highway robbery."

At that same time, First Premier Bank launched a new credit card with the sky-high 79.9% rate.

The card proved popular with consumers, said First Premier Bankcard CEO Miles Beacom, but the performance was bad: "A lot of the people ran up the card, defaulted and went directly to charge off."

As a result, they dropped the rate to 59.9%. "We also tested it at 23%, 33%, 45%, but 59.9% is the one that shows the best performance and where the organization can market the product," he said.

Since then, nearly 700,000 people have signed up for the card -- and more than half of them carry a monthly balance.

And yes, that rate is completely legal. The Card Act, which was passed in late 2009 to protect consumers from predatory lenders, only prevents issuers from raising rates retroactively. Credit card issuers are free to charge whatever rate they want at the front end.
@3$% @3$% @3$% @3$% @3$% @3$%

[Alfred pichikaaki]

F@!n F@!n F@!n F@!n

[PMREDDY19]

inka nayam 179.9 % veyyaledhu...

[Sahiti]

sSa_j@il sSa_j@il sSa_j@il sSa_j@il

[StoneCold]

sorry2 sorry2 sorry2 F@!n F@!n F@!n F@!n

[Rising star]

bhrami gaaru... koncham meeru gtalk ki vasthe...  *7*^ *7*^ *7*^

[perk]

papam  sFun_duh sFun_duh sFun_duh

[StoneCold]

[quote author=Rising star link=topic=153027.msg1794918#msg1794918 date=1297137708]
bhrami gaaru... koncham meeru gtalk ki vasthe...  *7*^ *7*^ *7*^
[/quote][img]http://26.media.tumblr.com/tumblr_le5zyugkD21qzbn86o1_500.gif[/img]

[bhrami]

[quote author=Rising star link=topic=153027.msg1794918#msg1794918 date=1297137708]
bhrami gaaru... koncham meeru gtalk ki vasthe...  *7*^ *7*^ *7*^
[/quote]
repu morning ping chestha mama ok na  sHa_high5ing sHa_high5ing

[desire4me04]

sHa_clap4 sHa_clap4 sHa_clap4 79.99 @3$% @3$% @3$%

[nenuinthe]

!@: !@: !@:

[Rising star]

[quote author=StoneCold link=topic=153027.msg1794934#msg1794934 date=1297137816]
[img]http://26.media.tumblr.com/tumblr_le5zyugkD21qzbn86o1_500.gif[/img]
[/quote]neeku matlade arhatha ledhu.... vitler video release sestha ani hand ichav ga  sSa_j@il sSa_j@il sSa_j@il

[Rising star]

[quote author=Bhrami link=topic=153027.msg1794937#msg1794937 date=1297137835]
repu morning ping chestha mama ok na  sHa_high5ing sHa_high5ing
[/quote]sare darling  sHa_fr1ends sHa_fr1ends

[StoneCold]

[quote author=Rising star link=topic=153027.msg1794943#msg1794943 date=1297137887]
neeku matlade arhatha ledhu.... vitler video release sestha ani hand ichav ga  sSa_j@il sSa_j@il sSa_j@il
[/quote] !@: !@: !@: !@: !@: !@: !@: !@: sSc_hiding2 sorry2

[Rising star]

[quote author=StoneCold link=topic=153027.msg1794950#msg1794950 date=1297137958]
!@: !@: !@: !@: !@: !@: !@: !@: sSc_hiding2 sorry2
[/quote]next eppudu .... ee weekend unda  sCh_elmodance2 sCh_elmodance2