Credit Card Debt

When rates rise, generally speaking, all debt becomes more expensive when you think about the way that we go about paying for our lives. Look at credit cards over the last 10 years, the interest rate charged by credit card companies already, 12.98 or close to 13%. To me, that feels like that is punitive because if I'm telling you, we can build million dollars off of 8 to 10%, and then you find out that credit cards are making 12 to 13% in this low interest rate environment. The reason they have the big buildings. Whoa, I see how these guys are the house. They're the ones that are doing so well.