Watch out for hidden credit card fees
Mar.21, 2007 in
Credit Cards, Personal Finance
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Entries for the ‘Credit Cards’ Category
Beware of credit card cash advances
Feb.27, 2007 in
Credit Cards, Pay Off Bills, Personal Finance, Repair your credit
Hello-
This article addresses an issue with credit card advances. Basically, avoid them as much as possible. The interest rates are very high and the fees are crazy too. The rates on a cash advance can easily be 23% or more. And the fees at 3% can get pretty expensive.
For example let’s [...]
Beware of credit card universal default clauses
Jan.09, 2007 in
Credit Cards, Credit Score
Beware of credit card universal default clauses
Sounds like something bad that could happen to your car or your computer.
In fact, it’s something harmful that could cost you lots of money and harm your credit rating.
Universal default is a clause contained in the fine print of credit card offers and agreements stating that if you are [...]
The universal default clause
Dec.14, 2006 in
Credit Cards, Pay Down Debt, Pay Off Bills, Personal Finance, Repair your credit
Credit Card Universal Default Clause
This is a nasty one you need to watch out for. Unfortunately many credit card companies have this in their terms now.
Here’s why it’s so bad:
Many credit card agreements now contain a universal default clause
that means your creditor can raise the interest rate on your credit
card for a variety of [...]
