7/26/09

Credit Score Trends Paint Ugly Picture

There is a disturbing trend among credit card companies to charge all of their customers -- those with good credit and those with bad credit scores -- the same high interest charges that previously would have been unthinkable.
JQAdams notes 5 such trends in this article published at Helium.com:
http://www.helium.com/items/1505777-trends-in-the-credit-card-industry
Hopefully, once the current economic downturn has passed and people get back to work, they will remember the games these credit card issuers played dirty and kicked them when they were down.
New legislation aimed at reining in the exploitation done by credit card companies is looming next year.

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