{"id":8740,"date":"2005-01-18T01:43:56","date_gmt":"2005-01-18T01:43:56","guid":{"rendered":"http:\/\/dr1.com\/new\/pages\/the-high-cost-of-credit\/"},"modified":"2005-01-18T01:43:56","modified_gmt":"2005-01-18T01:43:56","slug":"the-high-cost-of-credit","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2005\/01\/18\/the-high-cost-of-credit\/","title":{"rendered":"The high cost of credit"},"content":{"rendered":"<p> While bank-lending rates have declined recently, anyone using a credit card is not getting any sympathy from the banks. The Listin Diario reports that the average monthly credit charge is a whopping 6.44%, with some banks charging up to 8%. The newspaper indicates that more than 463,000 credit card-holders returned their cards last year, due to the high interest rates. Nevertheless, credit card purchase volume is up and this is a highly profitable sector for commercial banks. Banks reaped RD$3.7 billion in interest payment revenues during the first nine months of 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While bank-lending rates have declined recently, anyone using a credit card is not getting any sympathy from the banks. The Listin Diario reports that the average monthly credit charge is a whopping 6.44%, with some banks charging up to 8%. The newspaper indicates that more than 463,000 credit card-holders returned their cards last year, due &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2005\/01\/18\/the-high-cost-of-credit\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[224,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/8740"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=8740"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/8740\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=8740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=8740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=8740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}