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Credit card rates will skyrocket.
Nonetheless, Mr. Gross expected consumers to respond more to mortgage rates than to credit card rates.
High credit card rates and fees have been a point of contention for consumer advocates.
They include ballooning mortgages, excessive credit card rates and surprise overdraft fees.
Overdraft, loan and credit card rates are higher now than in 2008-09.
And FICO decreases can also result in higher business card rates, she said.
Still, it is impossible to know with certainty when credit card rates will be affected.
The only other numbers I have to compare are my credit card rates.
The rate, which directly affects many credit card rates and small-business and car loans, is now 5.5percentt.
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In particular, they may face higher mortgage and credit-card rates.
But a look at Facebook's ad-card rates shows that the novelty of this technique wears off fast.
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