Larry Jaques responds:


Recently, I was offered a Bank of America business card. The annual
service fee was only $100. Needles ta slay, I turned it down.

I tore up another credit card offer last week. Their interest rate
was 28.94% ! When I was growing up, I took a Business Law course in
high school. Back then, 28.94% interest was called "usury" and the
bank would have been keel hauled for it. I wonder if a certain group
of old-line Sicilians runs the CC companies now.

I keep one CC tied to my bank account for general purposes and one for
the business. The rest of my cards were cut up by me years ago and I
don't miss any of that interest payment crap at all.


Ya want great interest rates, come to Virginia. This state is overrun with car
title and check lenders. Give them a lien on your car, and you can get a grand
or so. Interest rate, according to the local news, is 360% per annum. Same deal
with checks. If you're tight for cash, write them a check for up to $500.
Interest rate is 361% per annum.

And it is legal.

It is also known as screwing the already poor consumer badly.

Why the assholes in Richmond passed this one is anyone's guess, but my guess
has something to do with asshole politicians lining their pockets at the
expense of John Q. Public.

Charlie Self
"Giving every man a vote has no more made men wise and free than Christianity
has made them good." H. L. Mencken