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Think your credit card rate is high? Some in Brazil pay 455 percent.

Think your credit card rate is high? Some in Brazil pay 455 percent.
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Brazilians Are Spending More Than Half Their Income on Debt Payments

(Bloomberg Businessweek) Finance professor Claudia Yoshinaga asked her foreign students at the Getulio Vargas Foundation in São Paulo to guess the average interest rate Brazilian credit card issuers charge on unpaid balances. She instructed them to guess high. ....

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