You think that&#x27;s bad? Interest rates on credit cards here in Uruguay are insane if you don&#x27;t pay them in full, from 42% to 99%. Inflation is about 10%, so they&#x27;re ridiculously profitable.<p>Of course, like a good 3rd world country, we have massive defaults about once a decade, so that wipes out most of the profits for the CC companies.<p>A startup called TuTasa is trying to build a South American LendingClub, but I don&#x27;t think they&#x27;re taking off yet:<p><a href="http:&#x2F;&#x2F;tutasa.com.uy&#x2F;" rel="nofollow">http:&#x2F;&#x2F;tutasa.com.uy&#x2F;</a><p>One big difference is there&#x27;s usually only one credit agency (it&#x27;s Equifax here in Uruguay), and there&#x27;s a lot more fraud going on than in the USA.<p><a href="http:&#x2F;&#x2F;www.eltelegrafo.com&#x2F;index.php?id=102900&amp;seccion=locales&amp;fechaedicion=2015-08-16" rel="nofollow">http:&#x2F;&#x2F;www.eltelegrafo.com&#x2F;index.php?id=102900&amp;seccion=local...</a>