Follow Up to Bailout - Credit Card Companies

By
Real Estate Agent with Coldwell Banker Holman Premier Realty

Interesting...I saw this article in the L.A. Times today about credit card companies that were bailed out.  Goes to show that the companies that are 'too big to fail' will get their cake and eat it too!

I made an online payment to the credit card I've had for 12 years -- it posted the next day (one day late), and my rate went from 8.9% to 29.9%!  I have since called and they reduced it back, but who else in the world can get away with gouging people like that???

Now...on to see what happens with the housing legislation we are told will happen after the stimulus is signed tomorrow...

Comments (1)

Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

I like the late fees myself.  Have a balance of $100 - miss your payment and get whacked with a late payment fee of $39 - that 39%.  The lesson here is to borrow money from the MOB - its cheaper LOL.

 

:)

Feb 16, 2009 04:12 AM