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ID:12034109
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时间:2018-07-15
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1、考研英语历年真题来源报刊阅读100篇Text16Higherrates!Biggerfees! Inrecentweeks,you‘veheardplentyaboutthesleazysideofthesubprimemortgagebusiness.Risingnumbersofborrowersarelosingtheirhomesafterbeingluredintohighcostmortgagestheycouldn’tafford.Buttheresanotherpieceofthepainfulsu
2、bprimestorythathasn’thittheheadlinesyet:costly-sometimesabusive-subprimecreditcards.Theyrebleedingmillionsofborrowerswhodidn’tknowwhattheyweregettinginto. Subprimescomeintwotypes:Cardsthatarecrazilycostlytobeginwithandcardsthatlookgoodbuthidebigtraps.Youknowabo
3、uttrapsifyou‘vepaidsomebillslateandarenowbeingchargedwithinterestat30percent.Ingeneral,hereshowthebusinessworks: Thebottomfeedingcards-forpeoplewithdamagedcredit-offeryouadecentinterestrateoncreditlines"upto"$3,000.Whenthecardarrives,however,yourlinemightbeonl
4、y$250.Andthencomethefees!"Program"fees.Accountsetupfees.Participationfees.Annualfees.Theyrechargedtoyourtinycreditline,leavingyoualmostnothingtospend. TwobetterknowncardissuerswithabigsubprimebusinessareCapitalOneandHSBCsOrchardBank.Theychargelowerupfrontfees
5、thanothercardsdo.Butifyoufallbehind,itstough.CapOnespenaltyrateiscurrently28.15percent.OrchardBankdoesn’tdiscloseitspenaltyrateonlineandwouldn’ttellmewhatitis(thatdidn’tengenderconfidence!).CapOnehasareputationforissuingmultiplecardstopeoplewhobumpupagainstthei
6、rcreditlimits.Thatgivesthemtwocards,withtwolowlimits,tooverspend. Lendershavefiguredoutmanywaysofextractingfees.There’s"universaldefault",wherealatepaymentononecardcantriggerhighpenaltyratesoneverycardyouown.There’sthe"endlesslatefee",whereyourpaymentsnevercatch
7、upwiththenewpenaltiesyourecharged.There’s"twocyclebilling"-toocomplicatedtoexplainhere,butwhichamountstocharginginterestonbalancesthatyou’vealreadypaid.And"retroactivepricehikes,"wherebanksimposehigherratesonoldbalancesaswellasnewones."Whatotherbusinesscangetawa
8、ywithraisingthepriceofsomethingyoualreadypurchased?"saysTravisPlunkettoftheConsumerFederationofAmerica. Thesepracticesstartleconsumerswhothinksuchhighfeesandi
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