'YOU'RE PRE-APPROVED' To Get Deeper in Debt

It is somewhat humorous to hear all of the news about the Fed raising interest rates in order to curb inflation. After all almost the entire rise in prices are due predominately to one item, oil. My question is, “how are consumers paying for higher priced items?” Where does the money come from to pay for the high cost gas and oil related products while at the same time paying the mortgage, buying food, clothes, medicines, and all of the other basic living expenses?
This past week I, and probably millions of others, received some interesting items in the mail. Credit card checks for 3, 4 and 7,000 dollars. All I had to do was sign them and take them to the bank to get cash “to pay off loans, consolidate debt, take a vacation, or for any purpose I chose.” The interest rates on these checks were between 19.9% and 21.9%