Giving Kuhl Credit
I was having a discussion about the upcoming 29th race recently when the comments came up that Kuhl is very much in debt. I was surprised to hear that he has a lot of money on his personal credit cards. I found the article from Politico.
I was not really surprised by the information about our Representative, but was really taken aback by the 3.9% and 4.9% interest rate he has for his maxed out ($10,000 and $15,000) credit cards. 3.9% and 4.9%!!?! How does he get such great rates?
I emailed consumer finance guru Clark Howard I asked his crew how do I get a deal like my Congressman? I did that yesterday morning and yesterday afternoon I got a live, person-to-person phone call from one of Clark’s researchers. Basically she said that they have no ideas how to get rates that low. It is really unheard of, and if I find out, they would like me to let them know.
Besides his obvious power in Congress to help the Credit Companies, does anyone out there in Rochesterturningland know how to get rates like our Congressman? In this land of equality, how do I become equal to Randy Kuhl in the Credit Card Interest Rate game?
Wow! Great question. Not a clue!
Don’t forget the real quote from that article
“I don’t care what it is. I’m employed. I don’t need to borrow any money,” [Kuhl] said.
Translation:
“I don’t care about the national epidemic of credit card debt in America, because I personally am in good shape.”
He doesn’t know what his credit rating is. Doesn’t he know he can find out free on line? I want to check to see if his credit card banks donate to his fund raising.
About 10-12 months ago I got a “special offer” for balance transfers in the mail from one of my credit card companies. It offered 2.9%, I think it was, for that 6-month special introductory rate, OR 4.9 FIXED (or 5.9, can’t remember), supposedly, for the life of the debt. I got the offer to my surprise, even though my personal credit situation resembles that great train wreck scene at the start of the movie THE FUGITIVE — the wreck that goes on and on and on. . . . Unlike Rep. Kuhl’s, I’m sure. No golden parachute, no velvet-padded retirement plan(s) here.