Credit Card Company Holiday Offers Come With Loan Shark Interest Rates

Here's a holiday viral you won't see every day. It's a video from Consumer's Union urging consumers to encourage legislators to pass credit card reform bills now before the Congress.

Around the holidays, we all get attractive, low interest credit card offers in the mail. Unfortunately, shopping with them can lead to legal loan shark rates of 29% interest on credit card debt.

You can send a letter to your Congressional representatives through the site asking them to support bills like S. 499 (the "Credit Card Accountability, Responsibility, and Disclosure Act") and H.R. 3492 (the "Consumer Credit Card Protection Act")

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