Ensuring Interest Rates Don’t Gouge the Poor

As new regulation on the finance industry became effective recently, news reports indicate that the average interest rate on credit cards is 14.7 percent – the highest level of average interest in nine years and 11.45 percent above the prime interest rate....

Credit Cards Continue To Eat Us Alive

On the subject of those well-known plastic credit cards, I discovered that even if you make your payments on time, the credit card bank can raise your interest rate automatically. If you’re late on payments elsewhere–such as on another credit card or on a...