Discover which debt relief companies will provide you with honest and professional debt solutions. Here you can research all your options, ask questions, and decide which type of debt solution is right for you!Why Are Credit Card Rates and Fees So High?
Credit card companies charge you so much because the debt is unsecured debt as explained here. The fact that they only have your word that you will pay back what you owe causes them to charge very high interest rates and often exorbitant fees. That and the fact that they have to contuinue to make tremendous profits for their shareholders.
They take on the risk of lending you money even though they know almost nothing about you and your future ability to repay what they loan you. In return for that risk they sock you with lots of added costs when you are late to pay them back.
