Published by deborah.woehr on 14 Mar 2007 at 08:44 pm
Your Credit Cards May Have a Universal Debt Clause
I read an article that stunned me this morning, called What Credit Card Companies Don’t Want You to Know. David Bach discusses the universal debt clause and how credit card companies use it to hike your interest rates to the point where you can’t pay off your balances. If you’ve never heard of this clause before now, I suggest you read this article. Then follow up with research on the subject.
So many people have complained about their credit card companies that Congress is looking into it.
