Burek on 29 July 2014
| LiquorandGunFun said: sadly i rarely see interests rates below 20% thanks to over regulation. |
Is that true? I was about to write something in the vein that 26.99% is impossible, then I read your comment. To me, that interest rate is unthinkable, but I live in EU.
We have a law that forbids any bank from charging more than 11.99% annually, and that percentage is only when your account enters overdraft.
I myself have several credit cards, most are 7.99%, and one is interest free, only an annual fee gets paid.
If I lived in the USA, I'd surely be reading those CC contracts more carefully.
