Why does Walmart trap people into high interest credit cards 23% ?

Walmart gives out thier credit card and they charge fees and high finance charges. Poor families get trapped with the card. the prices are not very low when you have to pay all that. I thought the Walton%26#039;s were christian and cared about America. What%26#039;s up?

Why does Walmart trap people into high interest credit cards 23% ?

that stinks.

interest rates are dropping and these companies are charging 23%.

Why does Walmart trap people into high interest credit cards 23% ?

Money

Why does Walmart trap people into high interest credit cards 23% ?

Umm. all people with bad credit get high interest rate credit cards. It is just the way that it is.

Walmart does have a lower rate interest card for people with good credit.

Why does Walmart trap people into high interest credit cards 23% ?

That is nothing new. All store credit cards do that. You need to be a smart consumer and take responsibility for what you get yourself into, instead of claiming that you were trapped or tricked into something.

Why does Walmart trap people into high interest credit cards 23% ?

They do not %26quot;trap%26quot; anyone. People that are stupid enough to use a credit card at 23% should read the agreement that they signed.

Do one put a gun to anyones head to get or use a credit card.

Why does Walmart trap people into high interest credit cards 23% ?

it asint jsut Walmart but that doenst make it right........every store seems to have some sort of card ......Greed greed greed

Why does Walmart trap people into high interest credit cards 23% ?

Well, Sam Walton had good values, but his descendants seem like they don%26#039;t, I think he would be disappointed in Wal-Mart now. Unfortunately, most credit cards have similar terms, these days, it%26#039;s not just Wal-Mart.

Why does Walmart trap people into high interest credit cards 23% ?

They aren%26#039;t really trapping anyone into anything. Cause those interest rates are right there but most people tend to overlook them. Then they get their credit card%26#039;s and over-extend their self till they get the bills and wonder why they are paying all that in interest. I agree the interest rates are way too high along with all other credit/department cards. However the simple fact is way to many people overlook those interest rates and it%26#039;s whats gets them into debt. As long as they continue to do it they companies know they will can get that much in interest they will keep it up.

Why does Walmart trap people into high interest credit cards 23% ?

Trap people? They don%26#039;t hold a gun to their heads. The high rate is the default rate for when they don%26#039;t make the payments on time. Not the fault of Wally World.

Why does Walmart trap people into high interest credit cards 23% ?

Give me a break, Christian no longer means doesn%26#039;t charge interest. I get offers of Christian loans everyday in my e mail and their interest rates are huge.

I have never missed a payment or had a late payment on anything in thirty years, and I found some of my credit cards had interest rates of 29%. Never maxxed any of them out either.

Poor families are poor and credit cards let them think they can afford things that they can%26#039;t. Its still up to the individual to keep an eye on his finances. Its not a charity, its a business.

There used to be a limit on how high the interest rates could go, it was like 19%, but they did away with that law, and the rates now would make the Sopranos blush. We (consumers) could use a little regulation back to protect us. Bankers aren%26#039;t careful about loans anymore and asking us to cover their mistakes isn%26#039;t right.

Why does Walmart trap people into high interest credit cards 23% ?

People need to take responsibility for themselves and not open an account on a high interest card, it just makes sense. I for one do not charge anything that i cannot pay off immeadiately.

Why does Walmart trap people into high interest credit cards 23% ?

Mr. Walton who started Walmart was a very good man, but he%26#039;s dead now and the corporation is in the hands of others. Pure evil if you ask me. That man has probably rolled over in his grave so many times that he%26#039;s reached the core of the Earth!

Why does Walmart trap people into high interest credit cards 23% ?

How about you apply for employment with them and work there for about a year. You think they take care about their employees or customers? Thats a bad joke. Wal-Mart is very ruthless. There are probably only a handful of Wal-Mart stores that are good to shop at, which thats only because the store manager hasn%26#039;t been morally compromised. In the end, people like that are booted out of their position, which the position is a hand me down to someone who has no experience except connections.

Why does Walmart trap people into high interest credit cards 23% ?

I used to be poor with bad credit. I was forced to get all my crap from Rent-a-center. Talk about a rip off. You ended up paying $7000 for a $400 sofa. That being said, I signed on the dotted line. No one had a gun to my head.

Why does Walmart trap people into high interest credit cards 23% ?

Walmart isn%26#039;t forcing anybody to use credit. If people sign a credit card agreement and then choose to run up balances on their cards, it is their own fault. People are responsible for their own actions but too many want to blame somebody else for problems they create for themselves. If you don%26#039;t want to pay, don%26#039;t buy. Buy only what you can afford.

Why does Walmart trap people into high interest credit cards 23% ?

WalMart use to be a good decent honest place to shop. When it was new) I don%26#039;t think it is anymore. As large as that retail chain is, they are taking advantage of all their customers. And it isn%26#039;t just Walmart that sticks it to you with high interest rate credit cards. Don%26#039;t get one.... I hate credit cards. If you don%26#039;t have the money in your account , you should;t be buying it

Why does Walmart trap people into high interest credit cards 23% ?

for the cost of what their selling

Why does Walmart trap people into high interest credit cards 23% ?

It is alway%26#039;s best to use cash or use debit cards. I used to have a credit card but have now cut it up.