One of the unintended consequences of the Credit CARD Act passed in May was that credit card issuers have been rushing to tinker with terms before the February deadline. Consumers are getting the shaft on this as credit card issuers take this chance to jack up interest rates and add fees just because they can. At this point, across the board increases to fees and rates has almost nothing to do with an account-holder’s reliability, risk factor or credit score.While one might argue that this was a fairly obvious consequence, the fact remains that Congress gave credit card issuers plenty [...]Post from:
Bizzia
More...
Interest Rate Freeze for Credit Cards?
Linear Mode
