What Credit Card Companies Don't Want You to Know


	What Credit Card Companies Don't Want You to Know

brotherhug

3-15-2007 6:59 PM

447 views

tags:

finance, debt, credit cards

brotherhug says:

Rather scary!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/462baa98-64ec-45c9-ae49-03c110dacd03/959ADE12-A1CF-42F5-AB2E-9755BAA70273/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/expert/article/millionaire/26303" href="http://finance.yahoo.com/expert/article/millionaire/26303" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/expert/article/millionaire/26303"><H2><IMG name="Clipmarks_SelectionBounds" clip-index="0" src="http://finance.yahoo.com/expert/article/millionaire/chrome://clipmarks/skin/selection-left.png" />What Credit Card Companies Don't Want You to Know</H2>
<P>by <A title="See more articles by David Bach" href="http://finance.yahoo.com/expert/archive/millionaire/david-bach/1">David Bach<IMG name="Clipmarks_SelectionBounds" clip-index="0" src="http://finance.yahoo.com/expert/article/millionaire/chrome://clipmarks/skin/selection-right.png" /></A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/expert/article/millionaire/26303"><P><IMG name="Clipmarks_SelectionBounds" clip-index="1" src="http://finance.yahoo.com/expert/article/millionaire/chrome://clipmarks/skin/selection-left.png" />Of all the games the credit card companies play that end up costing you thousands of dollars (late fees, over-limit fees, transfer fees, and so on), it's always been the interest rate game that hurt the most -- until now.<BR /></P><P>There's a new, completely legal game they're playing, and it can literally wipe you out financially if you're not careful.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/expert/article/millionaire/26303"><P><STRONG><FONT color="#000000">The Universal Default Clause</FONT></STRONG><BR /></P><P>If you own a credit card, you know by now that if you're late with a payment the credit card company will charge you a late fee in addition to raising your interest rate. But did you know that they can raise your interest rate if you've made a late payment on any of your other cards, including those issued by other companies?</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/959ADE12-A1CF-42F5-AB2E-9755BAA70273/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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