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How A New Debt-Bomb Is Set To Explode

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David Reavill   Oct 22nd, 2024

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It was then that I realized that I wasn’t alone. Many Americans have signed on to a similar card when they make a new purchase, transfer an existing balance, or open many “initial low rate” cards. As I write this article, I’ve just received an offer for a “Holiday Card,” which has the same structure: an initial low rate with a killer rate to follow in a year.