by Stargazer95050
Article by Ceef
The credit cards for poor credit (sub prime credit cards), mostly begin with low credit limit and then usually carry very high fees with interest ranging from 25 to 30 % or more. In 2002 when the economic growth in US slowed down, the default fare for sub prime credit card increased as the result of which sub prime credit card issuers scaled back their operations. The interest rates on these cards are now at 9.5 percent and can range upto 24 percent.In
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