St Louis Mortgage and Real Estate News – St Louis Finance and Loan News: Credit Card Rates At All Time High St Louis Home Mortgage and Commercial Loans | Principal Reduction Program | 877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending and Loan Compliance Advocate Current interest rates for credit cards are now hovering near record highs, at an average rate of 14.72 percent. And if your credit is bad enough, you could even end up with a rate as high as 59.9 percent APR. That’s because while the CARD Act helped crack down on certain fees and requires more disclosures, it didn’t cap every credit card holder’s worst enemy: interest rates. The new rules prevent banks from raising most interest rates retroactively, but there’s no limit on the rates they can charge new customers, and that has the consequence of driving rates up for new customers. “Rates are going up because card issuers know that once you get a card they can’t raise the rates, so they’re raising rates on the front end to ensure they get the revenue from that interest,” said Beverly Harzog, credit card expert at Credit.com. Annual percentage rates have climbed more than 20 percent over the past two years and hit an all-time high of an average 14.78 percent in mid-November 2010. This information was based on weekly data CreditCards.com collects from 100 of the nation’s top credit card issuers. And there seems to be no end in sight. While interest rate caps have been proposed which includes a proposal from New York Congressman Maurice Hinchey that would limit rates at 15 percent, as of yet, none have been passed into law. ================================================== ARE YOU UPSIDE DOWN ON YOUR HOME? ARE YOU FACING FORECLOSURE? What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages? Retain Our Attorneys and Lending Professionals! My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan modification. Principal Reduction Program: Watch These Shocking Mortgage Fraud Videos… [1]   Call Now For Your FREE MORTGAGE FORENSIC AUDIT Call (866) 414-2937 Ext. 766 or (314) 334-0210 NOW! Floyd Tapia,  Loan Compliance Consultant These services made available to you by: Liberty Lending Consultants Home Foreclosure Hero The Rigley Group Visit our principal reduction and loan reduction website for your FREE loan audit and loan review today! (Fax all loan and principal reduction applications and documents to Floyd Tapia at: (314) 432-5240) [2] We also have available a “do-it-yourself” 60 Minute Loan Modification Program that has literally saved the homes of thousands of consumers. [3] ================================================== Articles and News Sponsored by Liberty Lending Consultants When applying for any type of St Louis mortgage [4], call Liberty Lending Consultants, the recognized St Louis home loan [5] and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt. For a FREE loan audit, visit one of the best Loan Reduction or Principal Reduction Programs. [6] My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan mod. Don’t wait any longer. You are not alone. Call Floyd Tapia and his professional team at (314) 334-0210 or (877) 334-0210 for a FREE consultation. Bad credit is not a problem. Business Owners: As a commercial lending and principal reduction program consultant, my team can focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or home mortgage loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings and help you get a St Louis commercial lending or financing loan. [7]   Sponsored by: [8] Check back daily for more financial news. [1] http://www.stlouisrefinancinggroup.com/principal-reduction-video [2] http://www.stlouismortgagegroup.com/loan-modification-programs.html [3] http://www.stlouismortgagegroup.com/loan-modification-programs.html [4] http://www.libertylendingconsultants.com [5] http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-loan-report-says-foreclosures-more-profitable-than-loan-modifications [6] http://www.libertylendingconsultants.com/Free-Loan-Audit [7] http://www.libertylendingconsultants.com/St-Louis-Commercial-Loans [8] http://www.libertylendingconsultants.com/St_Louis_Home_Loan