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Sanders, AOC Propose 15% Cap on Credit Card Interest Rates – Do You Support Their Proposal?
by Causes
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  • John
    05/10/2019
    ···

    Instead, regulate the credit reporting agencies better. Those scores are the basis for some high credit card rates. The primary score factor is not paying on time but utilization rate. It means a person can pay all their bills on time for years but have a low score because of utilization. There should only be a clause that when a person has paid their bills on time, the rate is lowered.If a payment is missed the card companies are quick to hit late fees and jack up the rate BIT they never lower rates for responsible paying

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