Credit Cards Gouging Consumers

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pay day loan There are millions of Americans that have a credit card when they should have a payday loan instead. The traditional card issuers are raising the interest rates and bringing in stiff penalties and fees. They are gouging people to avoid the new laws that take effect in February.  These are good reasons for people to look at getting a payday loan online.

There are hundreds of credit cards from the biggest bank issuers. These account for¬† 90% of the $889 billion in outstanding debt. These large corporations¬† are still using tactics that the Federal Reserve has condemned. These practises will be outlawed shortly . A new report from the Pew Health Group’s Safe Credit Cards Project has provided this information. All indications are that getting a payday loan is best.

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