I want to start my own credit card company, and compete with Visa and

[Eric S]

Mastercard, how do I do it? MY Credit Card Company will only charge 12% interest instead of Visa's 25% interest rate.

Also, on my credit card, your credit score will ONLY be affected if you don't make the minimum payment. That's because my company is fair to the customer and acknowledges that the higher interest rate already compensates the company for foregoing principal.

If credit companies want to demand return of principal balances, then they should lower their interest rates to the bond rates of 5.5%.

I will compete with the credit card companies on my 12% interest rate and force them to lower their rates or go out of business.

IT'S ABOUT TIME!