Opportunity Idea: A financial product that would help those crippled by credit card debt
People that owe a lot of money on credit card balances would just love to have a lower-interest loan that would help them get that monkey off their backs. WIth some people getting hit by interest rates as high as 30% or more, surely there is a profitable space for conventional financial institutions to help them. Now, of course, some people are just addicted to credit. But there are a lot who just had a negative event, or who were stupid at some point, who could use a fresh start.
There must be some way of addressing this growing problem.
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- Posted: Friday, September 28, 2007
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What does default on credit card debt mean? do i still get charged intrest & extras in default of payments?
