Quote Originally Posted by The Figment

1) We are willing to loan you money at a very low, introductory rate of 8.9%. If you are even one nanosecond late on your payment, your rate will go from 8.9% to 32.9% instantly. You will have no right to appeal this. The interest rate increase will be retroactive. None of this "but I mailed it out Friday" nonsense. We must get it, and the check must clear, for your payment to count. A reminder: transactions that occur after 2pm are not credited until the next business day, so be sure to make your payments before then.

2) If you are late on any of your other payments to your other creditors, your rate will also be spiked to 32.9%. I know it has nothing to do with us, but if you are late paying someone else, then OBVIOUSLY you are a bigger credit risk to us.

3) We will send you onerous terms and conditions 148,000,000 pages long in 6 point font. Of course, those terms can change on a whim, at any time, so we'll be sending you hourly updates to the contract, which we expect you to read and keep up with. Sorry, we will be the only ones that can amend the contract; you cannot.

4) You will have a predetermined credit line, and if you go over it by even $1, your interest rate will spike to 54.9%. Sorry, it's in the contract on page 109,209,392.
:S2:

if this material is originally yours i seriously urge u to send it to your state rep as it is or just send it to some media outlet... or blog about it.... its worth being out there and getting some attention... maybe some see how things are n how they are always gonna lose on other peoples terms