That’s A Bunch Of Crap

December 16, 2008 | Jim Vicevich | |

Ever wonder why credit card interest is so much higher than a regular bank loan.

Banks say it’s because defaults on cards are so high. Neil puts that question to Dave Ramsey … and his response is another classic Cavuto show moment.

PS … take Dave’s advice.

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

4 Comments

  1. Mark on December 16, 2008 at 4:05 pm

    "My wife's are impervious to that"…

    Heh… I couldn't get away with that…



  2. Wyndeward on December 16, 2008 at 4:46 pm

    Gee, and I thought it was because the credit card companies set up shop in states with weak / no usury laws…



  3. libertarian27 on December 17, 2008 at 5:45 am

    Wyndeward – Yeah, like Biden's Delaware./snark



  4. Wyndeward on December 17, 2008 at 6:17 pm

    That would be one, L27…

    The really insidious thing is that they have made credit cards an almost indispensable aspect of life, then they charge you. Throw in how stupid some folks are about money and you have a real recipe for disaster.



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