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Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/there-is-zero-risk-to-the-bank-and-i-suspect-the-30484746.aspx

Subject:  Re: Secure Credit Card and APR Date:  1/14/2013  3:29 PM
Author:  vkg Number:  306707 of 308662

There is zero risk to the bank, and I suspect the administration of having to collect on a bad debt isn't anywhere near 9.9%, not to mention they are still making money off of your CD deposit.

There is also fraud risk.

Many secured cards have much higher interest rates. Compared to what I have heard, this appears reasonable.
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