my top pick would be a zero percent balance transfer card. reporter: the gardner-sinclair played a plan to pay off their highest interest rate card first and keep going till they re debt free. carrying a lot of debt limits our about to be generous and participate in things we feel passionate about. reporter: another different thing is to stay away from the store cards, they tend to have the highest interest rate and you use more to justify getting it in the first place, it is, not to mention using the discounts they promote. o donnell: lilia luciano, thank you so much. today in chicago, an ugly race assemble was found at the future obama center. the noose was found at the construction site. a $100,000 reward has been offered for information leading to those responsible for what officials described as this shameless act of cowardice and
three months later, the interest soared to 79.9%. it s with first premier bank who says this extremely high interest rate card is important for people who default on loans. nearly 700,000 people have signed up for it and half of them carry balances. is this legal? joining me is ryan mack, author of living in the village and president of the optimum capital manage am. is it legal to have that high of annual percentage? the problem is it is legal. the card act of 2009 says they did have a 25% interest rate cap. however, that only implied on previous customers. that s retroactive. that doesn t apply to brand new customers. those customers coming in, a particular woman, she not only had various interest rates but they re allowed to tack on various fees, $45 to sign up, $6