2007-04-19 23:27:01 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Probably because credit card companies can shell out bigger kickbacks
2007-04-20 00:08:19 · answer #1 · answered by echo 7 · 0⤊ 0⤋
Some states have usury laws that limit the annual percentage interest rate that can be charged on a loan. However, these limits are often about 36%, well above what is charged on credit cards. Loan shark rates much higher than credit card rates.
2007-04-20 09:12:17 · answer #2 · answered by Tomel 3 · 0⤊ 0⤋
I think because they have the money to pay politicians in DC to get what they want.
2007-04-20 08:26:31 · answer #3 · answered by Matt 4 · 0⤊ 0⤋
Well, they have been pulled up recently here in the UK for exhorbitant charges.
2007-04-20 06:35:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
the same reason why cops give out bogus tickets... because they are scumbags
2007-04-20 06:32:28 · answer #5 · answered by sook y 2 · 0⤊ 0⤋
simply because they can
2007-04-20 06:29:38 · answer #6 · answered by KRIS 7 · 0⤊ 0⤋