Question by Linda D : How come credit card companys are allowed to charge us a percentage and a finance charge
Is not this considered?double dipping ?? Why is this allowed? Who made up the rule they could do this? How can we ever get our card paid off when most of our payment goes towards the finance charges? Best answer:
Answer by Gary D
It?s called ?legalized loan-sharking.? If you only pay the minimums every month, then it will take nearly 30 years to pay off your balance in full.
What do you think? Answer below!
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