Nice to see the Finance Charges Drop... Or did they? | Finance Charges & APRs

Nice to see the Finance Charges Drop… Or did they?

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2:30 pm
August 25, 2010

RoughMage

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posts 7

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It is nice to see that the new legislation will limit a companies ability to raie your rates if you simply make a late payment, but I have found like zilch in detail as to exactly what limitations have been imposed. Does anyone have any solid numerical info on this?

2:57 pm
August 30, 2010

lilbit4

United States, Ohio

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Without being on the inside with credit card companies it is hard to determine set or low interest rates and if they will stay low. With the way thing are today I think that it is a good idea to help the credit card holders/ consumer by giving them low rates even if they are late a payment.

I think that will keep the consumer happy and using that credit card.

1:11 pm
September 13, 2010

cscore

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posts 14

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In question like you. I would like to know some solid information on this as well. Does anyone have any idea even if it isn't fact?

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