Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Credit card companies raise penalty fees
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August 02, 2005
Credit card companies raise penalty fees
If you are about to be late on your credit card payment or go over the limit, prepare to pay higher fines.
Advocacy group Consumer Action reports that being late with monthly payment, exceeding your credit limit and having payment check bounced are becoming more costly. Penalties increased by around 3%, from 22% a year ago to nearly 25%.
Continue reading at All Headline News.
Posted in Credit Cards at August 2, 2005 12:14 AM
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