Chris Rosenberger
05-16-2012, 10:49 PM
A company offers a special very low interest rate if you make a large purchase & charge it to there store credit card. Then if you make a regular purchase on that card, it gets charged the normal loan shark interest rate. All future payments amounts over the minimum are applied to the low interest purchase first with a minimal amount applied to the high interest rate purchase.
I thought a few years ago the government passed a credit reform act disallowing this type of consumer ripoff. Am I wrong?
I thought a few years ago the government passed a credit reform act disallowing this type of consumer ripoff. Am I wrong?