Got an e-mail this morning from Progressive that my renewal documents are available online. Like many insurance companies, they give two prices — one for making six monthly payments and another that is discounted for paying in full. For giggles I punched the numbers into a loan calculator and arrived at an interest rate of over 40%.
Fourty. Fucking. Percent!
Suddenly that WaMu card that I cancelled the other day ain’t looking so bad…
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