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By Terry Rigg As we all know credit card debt is out of control. The credit card debt is currently $8400 per household at an average annual percentage rate of 14.7 percent. In fact,about 18% of all consumer spending is on credit cards and is expected to reach 30% by 2006. If you pay [...] Credit grantors generally issue three types of accounts. The basic terms of these account agreements are: Revolving Agreement (Typical Credit Card Account) You may pay in full each month or choose to make a partial payment based on the outstanding balance. If you make a partial payment,you will be charged interest (a “finance [...] 1. Interest Backdating Most card issuers charge interest from the day a charge is posted to your account if you don¹t pay in full monthly. But,some charge interest from the date of purchase,days before they have even paid the store on your behalf! REMEDY:Find another card issuer,or always pay your bill [...] |  Custom Search Custom Search | ||||
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