5 Reasons Why You Should Eliminate Credit Card Debt

1. Credit card companies can change almost all of the terms of the credit card by giving just 15 days notice.



We get used to credit card companies adjusting their lending rate by 1/4% as interest rates fluctuate but did you know they can alter any of the terms for any reason. For example they can increase the late payment fee and they can increase the interest rate without the need to justify it. If you are late or miss just one payment the low rate you are currently being charged can double or even treble almost overnight.




2. Credit card companies can increase the cost of a purchase months after you bought it.



If you purchased a widescreen plasma TV 3 months ago, using a card which at th View the rest of this article