Credit card companies are all based in South Dakota, which has no usury laws. The interest rate is literally unbounded there. The laws were changed some time ago to honor in the debtor's state the laws established the creditor's state if such was agreed to in your credit agreement, which it does. Even if it didn't way back when, it does now and you didn't even have to sign anything to accept it. You did that when you signed your original agreement (see the fine print).
There was a great piece on this on Frontline, IIRC. Respectfully, Adam Phillip Churvis Get advanced intensive Master-level training in C# & ASP.NET 2.0 for ColdFusion Developers at ProductivityEnhancement.com -----Original Message----- From: Heald, Timothy (NIH/CIT) [C] [mailto:[EMAIL PROTECTED] Sent: Tuesday, June 26, 2007 1:01 PM To: CF-Community Subject: RE: I want a good bank Honestly, don't we have usury laws in the US? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Macromedia ColdFusion MX7 Upgrade to MX7 & experience time-saving features, more productivity. http://www.adobe.com/products/coldfusion?sdid=RVJW Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:237300 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
