Post by account_disabled on Mar 6, 2024 5:24:21 GMT -5
The the minimum amount you must pay. Consider this last step a side issue related to the new bankruptcy law credit card companies are not legally required to raise minimums but were pressured to do so in exchange for the passage of the new bankruptcy law. Dont think for a second that credit card companies want you to get out of debt. For starters credit card rates have been steadily rising for more than two years. As the prime rate rises so does your credit card interest rate. rate and have been paying your bills on time. However one late payment and uh oh youre in big trouble.
If youre late on a payment even just once youll likely be hit with a onetime late fee of or . In addition that sweet rate you negotiated last year may automatically disappear. Zero percent financing C Level Contact List can quickly turn into . interest in the blink of an eye and can also be applied retroactively. Even lower rate cards with APRs of or more can suddenly show rates of . or even more This is also perfectly legal Read your credit card disclosure agreement as if anyone even bothers to do that for all the boring details. Exceptions and rules are the name of the game there is a trap wide open for you to step on.
The next area you need help with is the old one annual fees. Yes they are back for years card companies in order to remain competitive waived annual fees. Originally it was a small way for them to squeeze some cash out of you you paid them something every year even if you paid off your card monthly. If youre like me the whole concept of charging someone for access to credit is absurd. Companies are making a mint out of high interest rates as they.
If youre late on a payment even just once youll likely be hit with a onetime late fee of or . In addition that sweet rate you negotiated last year may automatically disappear. Zero percent financing C Level Contact List can quickly turn into . interest in the blink of an eye and can also be applied retroactively. Even lower rate cards with APRs of or more can suddenly show rates of . or even more This is also perfectly legal Read your credit card disclosure agreement as if anyone even bothers to do that for all the boring details. Exceptions and rules are the name of the game there is a trap wide open for you to step on.
The next area you need help with is the old one annual fees. Yes they are back for years card companies in order to remain competitive waived annual fees. Originally it was a small way for them to squeeze some cash out of you you paid them something every year even if you paid off your card monthly. If youre like me the whole concept of charging someone for access to credit is absurd. Companies are making a mint out of high interest rates as they.