Could Trump Cap APRs at 10% for a Year? And Let's Talk The Cost of Money

About this episode

Kristi discusses President Trump's proposal to cap credit card APRs at 10% and the implications of borrowing costs.

President Trump sure is shaking things up. Social media is a-buzz with his crazy antics. Last week he went on social and posted he was going to have credit card APRs get reduced to 10% for a year. The goal is that with the lower APR, more of your payment goes to reducing your credit card balance. BUT, there are things he is not thinking through that could actually hurt millions of people rather than help them in that scenario. And what does money cost? The cost to borrow can be staggering. Listen in as your coach gives a few examples (which are intended to hurt so you pay your debts down faster!). Questions@creditkristi.com Pick up your copy of the Finish Financially Free book on Amazon: https://a.co/d/36v9jb8

People in this episode

Host: Kristi Nowrouzi

Topics covered

• credit card APR
• financial advice
• cost of borrowing
• debt reduction
• economic policy

Keywords

• credit card
• APR
• debt
• financial coaching
• money management

Mentioned in this episode

Products: Finish Financially Free

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