AllFinancialMatters

A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.

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Friday, February 11, 2005

Let's Hope This Credit Card Doesn't Come to the U.S.

In England there is going to be a credit card aimed at the poor that can carry an interest rate of up to 70%! How in the world this can even be legal is beyond me.

Here's the link to the story:

Up to 70% interest - credit card aimed at the poor