They charge exorbitant interest rates in order to keep you in their debt for as long as possible. (consumeraffairs.com)
Spending money you don't have and paying exorbitant interest rates on consumer debt may prevent you from achieving more important financial goals, such as the following: (personalfinanceinsider.com)
Due to poor credit, some people struggling with unsecured debt might not be able to obtain a consolidation loan or can only do so at exorbitant interest rates. (moneyproblems.ca)