Have some cookies and a 177% APR
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I guessed that this was a credit card offer and opened it anyway.
As I scanned down and saw the APR, I assumed it was a misprint, so I calculated it myself. Its not a misprint, they really are charging that much. And the collection arrangements sound interesting too.
Sigh. Yet another example of targeting poor people and stupid people. And yet this post will still get comments from people saying, “WHO ARE WE TO JUDGE?!?!?!?” and “If a company can charge it and people can pay, what’s the harm!?!?” I don’t know, I have this thing against disproportionately targeting people who don’t know any better and of prolonging financial difficulties for a short-term gain.
(Click to see the full-size image.)
And stay tuned for another image later today that will make you a little queasy, but one that I actually think is entirely ethical. Unlike this garbage.