There are lots of things that can make your rates go higher and they fit into three categories… A) Fine Print – B) Things that make sense C) Things that only a diabolical mastermind would think up. A) The fine print stuff is where the real “gotcha” minutia of any contract are found. How [...]
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This answer is startlingly simple. They want money and as much of it as they can get. Credit card companies are not particularly concerned with your personal level of satisfaction, except specifically how it applies to whether or not they can get more of your money. While you are a good customer, most all customers [...]
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Its actually worse than you think… you can make a payment ON your due date and still be late. Policies are different from card to card, from bank to bank but for many companies before the Credit Card Reform Act went into effect in February of 2010… On time payments had to be made before [...]
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Short answer is information. The Credit Card Reform Act of 2009 requires companies to create the statements in clear English. But I still think that your best bet is to contact each of your creditors and get the following information directly from the CSR. Exact balance owed and available credit. Monthly required Minimum Due Date [...]
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