Here they are below:
advance fee, balance transfer fee, foreign exchange
fee, bill payment fee, Western Union fee, and
whatever else your lender can devise. Not to
mention monthly and annual fees.
2. Tricks to Make You Pay Late.
and your interest rate may go up. Check each
statement carefully and pay your bill as soon as it
arrives.
on the same day every month.
days after you receive them.
weekend and your payment arrives on the date, it
won’t be processed until Monday and you’ll be
considered late.
due at 9am on the due date, not 5pm.
will approve the charge then hit you with an
over limit fee and maybe even raise your interest
rate. Keep careful track of your balance and know
that even approved charges may put you over limit.
credit score) and your interest rate on Card A may
jump!
just what it says – they can increase your interest
rate on a whim.
payment or if you go over limit. Don’t bank on
keeping that 0% rate for the entire promotional
period.
Rates.
increases, they can apply the higher interest rate to
the entire existing balance, not just to new charges.
your payments to the balance with the lower
interest rate first. The rest of your balance will
continue to generate high interest charges until the
low-rate balance is entirely paid off.
cycles. This is known as double cycle billing.
Look for a card that uses the “Average Daily
Balance” interest calculation method.
Services like this may sound good, but they’re usually useless. The fee
for the service likely exceeds the minimum
payments it would cover if you became sick or lost
your job. Avoid add-on products like this.
with an arbitrator selected by the lender, which
means you give up your right to take the credit
card company to court.
Log onto http://www.affil.org/ to learn how you can help end these dirty credit card tricks and traps.
To get the training to negotiate your credit card debt for YOURSELF log onto http://www.debtwarriors.com/.
We are Debt Warriors!