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Interest on overdrafts and credit card hit new record

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Interest on overdrafts and credit card hit new record

Hits New Record the Credit Card Interest and Overdraft It is the highest rate since July 1994, when the research began to be made. This is because, in July, the average rate of the overdraft reached 318.7% per year, while the revolving credit card rate reached 470.7% per year. Already the company default rate rose…

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