A good thing it isn’t usury!

I recently was notified by BoA that the charge on unpaid balance was not somewhere about 27 to 29+%.   Isn’t this higher than the Mafia used to charge?  —  All the credit card issuers have jacked up their rates just before the new law takes effect.  —  Hey, the banks need to make money for their stockholders.  All the regular depositors have been laid off and don’t deposit anymore.

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2 Responses to “A good thing it isn’t usury!”

  1. Trevor Hilton Says:

    I used to bank with them. I left them because they seemed to think I was a number, and not a person.
    I applied for just a little $2000 loan to buy a used pick-up from my parents. They played around with me for A MONTH before denying the loan. I switched to Bank of Oklahoma and applied for the same loan. I was approved that afternoon. I’ve been with BoO ever since.

  2. The Wombat Says:

    I haven’t been in the position of asking for a loan so I can’t comment. However, the staff of the branch where I have my checking account have been quite helpful when I have had a minor problem. — In many ways it comes down to local, personal service.

    Corporations really don’t care about an individual unless they have accounts of 8 or more figures.

    Interesting similarity: corporations & the old Soviet Union seem to be structured very much alike. 🙂

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