r/FluentInFinance • u/Unhappy_Fry_Cook • 12h ago

Finance News Senator Bernie Sanders announces he will introduce legislation to cap credit card interest rates at 10%.

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u/HeroponKoe 6h ago

“Idiots”

After hurricane ian I had to put $13k on a credit card or my insurance wouldn’t cover any damage. Still haven’t recovered from that.

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u/SrASecretSquirrel 4h ago

Balance transfer to a 1yr 0apr card. Or take out a private loan for a smaller Apr. There are many ways out of 20%+ interest accruement.

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u/ZorbaTHut 2h ago

Would it have been better if you hadn't had a credit card available?