Complaint / Review
Citibank Collections, Interest Rate
Credit card companies incorporate in in north dakato because there are no usary laws and can charge anything they want in interest everywhere

Found this on the net... Anyone know anything about this?

Credit card companies ALL incorporate in North Dakota because there are no usary laws in that state only and therefore they can get away with charging 35% interest on their purchases, a practice which is illegal in all other states, including the 49 states where they do most their credit card business.

Almost all corporations incorporated in Nevada and Delaware have no business presence at all in those states.

Guess we need to be aware of where our cards come from as consumers

Outrageous credit card interest rates
anytown
U.S.A.