| Suze Orman says "YES" to Credit Unions |
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From CNN Larry King Live Credit unions offer better rates on credit cards, personal finance guru Suze Orman told Larry King on Larry King Live Thursday. King asked Orman if credit unions are a better option for those interested in transferring their credit card balances to credit unions from a bank. "Yes, yes, yes, yes," Orman said. "Credit unions--especially ones that are federally chartered--the maximum interest rate they can charge you is 18%. Now, while that may sound like a very high interest rate, the truth of the matter is many of these banks today are charging 29.99% interest." "So here is what I am suggesting. I think the United States of America--all of you should start looking into credit union credit cards and do a balance transfer," Orman said. She suggested consumers visit creditcardconnection.org, a new site that offers information about financial institutions offering credit cards. Users can enter in their zip codes to find credit unions, Orman said. |
Did You Know?
"…that even though our name is University Credit Union, we are open to the entire Miami-Dade community." |
ONCE A MEMBER ALWAYS A MEMBER!
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. |
