首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who didn’t know what they were getting into. The bo
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who didn’t know what they were getting into. The bo
admin
2016-04-30
30
问题
Costly—sometimes abusive—credit cards are bleeding millions of borrowers who didn’t know what they were getting into.
The bottom-feeding cards—for people with damaged credit—offer you a decent interest rate on credit lines "up to" $3,000. When the card arrives, however, your line might be only $250. And then come the fees! They’re charged to your tiny credit line, leaving you almost nothing to spend.
Two better-known card issuers with a big loan business are Capital One and HSBC’s Orchard Bank. They charge lower upfront fees than other cards do. But if you fall behind, it’s tough. Cap One’s penalty rate is currently 28.15 percent. Orchard Bank doesn’t disclose its penalty rate online and wouldn’t tell you what it is. Cap One has a reputation for issuing multiple cards to people who bump up against their credit limits. That gives them two cards, with two low limits, to overspend.
Lenders have figured out many ways of extracting fees. There’s "universal default", where a late payment on one card can trigger high penalty rates on every card you own. There’s the "endless late fee", where your payments never catch up with the new penalties you’re charged. There’s "two-cycle billing"—too complicated to explain here, but which amounts to charging interest on balances that you’ve already paid. And "retroactive (追溯的) price hikes," where banks impose higher rates on old balances as well as new ones.
These practices startle consumers who think such high fees and interest rates must be against the law. But the Supreme Court effectively deregulated credit card rates 30 years ago, and 10 years ago it deregulated the size of the fees a bank could charge. Prior to fee deregulation, late fees hovered between $13 and $15, says Robert McKinley of CardWeb.com, which tracks the business. Now they run from $30 to $40. "It’s out of control," he says. "Banks know they’ve pushed this too far."
This year, however, the new Congress started holding hearings. Suddenly Citi dropped universal default and JPMorgan Chase ended two-cycle billing. But those are just gestures. Without fee caps or laws restricting the usually high rate of interest, we’re in the bankers’ hands.
The bottom-feeding cards are issued to people who _____.
选项
A、has a low income
B、expects a low interest rate
C、has a bad reputation in repayment
D、is thoughtless when using credit cards
答案
C
解析
第2段第1句破折号后的damaged credit意为“信用受损”,持信用卡的人因为不能及时还款就会导致信用度下降,即damaged credit,由此可见,C是对damaged credit正确的解释,为本题答案。
转载请注明原文地址:https://jikaoti.com/ti/07uFFFFM
0
大学英语四级
相关试题推荐
Globalwarmingisatrendtowardwarmerconditionsaroundtheworld.Partofthewarmingisnatural;wehaveexperienceda20,00
CaringforElderlyParentsCatchesManyUnpreparedA)LastJuly,JulieBaldocchi’smotherhadamassivestrokeandwasparalyzed.
CaringforElderlyParentsCatchesManyUnpreparedA)LastJuly,JulieBaldocchi’smotherhadamassivestrokeandwasparalyzed.
CaringforElderlyParentsCatchesManyUnpreparedA)LastJuly,JulieBaldocchi’smotherhadamassivestrokeandwasparalyzed.
Thereisnothinglikethesuggestionofacancerrisktoscareaparent,especiallyoneoftheover-educated,eco-conscioustype
InBritainandothercountries,youngpeoplesometimestakea"gapyear",ayearoffbetweenhighschoolandcollege.Thisidea
Weoftenpassonlittlebitsofinformationtoourchildren,notknowingiftheyaretrue,andonlybecausetheywere【B1】_______
A、Shehastodoalotofthingswithinashorttime.B、Shehasbeenoverworkingforalongtime.C、Shedoesn’texpecttofinish
A、Itisthecheapestroominthehotel.B、Itisnotasgoodasadvertised.C、Ithasagreatviewfromthewindow.D、Itisthesm
A、Thenumberofroomsintheapartment.B、Troublewithintheman’sfamily.C、Thereasonwhythemanhassomanyclocks.D、Whatt
随机试题
实收资本
窝洞充填后立即产生咬合疼痛的原因是
患者,男,71岁。帕金森病。病人在进行康复训练时,护士要求其关节活动达到最大范围,其主要的目的是
用于为工农业生产和采暖及生活提供蒸汽或热水的锅炉称为( )。
背景某工业安装项目通过招标,建设单位与土建施工单位和设备安装单位分别签订了施工合同。设备安装时,监理工程师发现土建单位施工的某一设备基础预埋地脚螺栓位置与设备底座相应的尺寸不符,设备安装单位无法将设备安装就位,造成设备安装单位工期延误和费用损失。
在清华大礼堂内,有一块1926级毕业生赠送给母校的“人文日新”牌匾,意指文明的传承和创新要日新月异,不断进步。在庆祝清华大学建校100周年大会上,胡锦涛总书记的讲话中“创新”是高频率关键词。北京理工大学一位同志表示,我们要按照总书记的要求,为创新型国家建设
Theinventionofbothlabor-savingtoolsandtoolsofintelligenceisrarelyaccidental.Instead,itisusuallytheproductofh
Allmarriagesaresuspensethrillers,inaway.【F1】Fromtheoutside,anyrelationshipisamystery,butevenfromwithinthere
J.Manin的战略数据规划方法的主要内容包括:如何自顶向下地来组织规划、______、主题数据库的概念及其组织、战略数据规划的执行过程。
Electricityissuchapartofoureverydaylivesandsomuchtakenforgrantednowadays【C1】______werarelythinktwicewhenwes
最新回复
(
0
)