credit cards

[description]No More Mortgage info on credit cards[/description]
[keywords]No More Mortgage[/keywords]

CREDIT CARD REFORM BILL TRIES TO HELP CASH-STRAPPED CUSTOMERS, BUT COMPANIES HAVE NEW WAYS TO BOOST PROFITS

Credit card companies are socking it to consumers left and right. They’re hiking interest rates to as much as 36% and doubling minimum monthly payments, frustrating customers who are already cash-strapped and credit-crunched.

STEPHANIE S. RECENTLY RECEIVED ONE OF THOSE LETTERS THAT CREDIT CARD ACCOUNT HOLDERS DREAD; her 11% rate had been raised to 29.99%. And when she called Citibank to complain, she was placed squarely between a rock and a hard place. Accept the higher rate, she was told, or close the card and accept the damage to her credit score.

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