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(From CUNA, December 14th) Credit unions offer better rates on credit cards, personal finance guru Suze Orman told Larry King on Larry King Live recently. 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. Contact NBCU today and ask us how to get started!
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