Credit Card Firms Gouging Us Now
Item: Check your credit cards: You may need a bailout, too/Trish Gannon, River Journal
More Info: Although banks have figuratively gone to the taxpayer with hat in hand to beg, “Please, sir, I want some more,” the role they seem to have cast for themselves recently in this Dickensen financial melodrama is more in keeping with the board members of the poor house when dealing with those same taxpayers who are customers. Have you opened your credit card statement lately? Many have, only to be shocked to find the rates on their credit cards have climbed astronomically—in some cases, more than 100 percent.
Question: Have you noticed that the interest charged by your credit card company has increased significantly?