Money in the Bank

Washington Mutual is among a group of banks that assessed universal default interest rates on 44% of all credit card customers.

My least favorite bill to pay is my credit card bill. I got my first credit card when I was 17 years old, and I am still paying it off. Don’t get me wrong, I accept my responsibilities for being an idiot teenager, running up a bill, and having to pay it off. What has frustrated me for years though is the interest rate. I have not used a credit card since I was twenty years old, and in spite of years of paying my bill on time I still owe over 4,000 dollars. Why? Because for every one hundred dollars I pay 96 dollars go to interest. Ridiculous right? I thought so too.

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