Comments on: Credit Card Debt Decreases for 11th Consecutive Month

By: storesonline584

storesonline584 — Sat, 24 Oct 2009 08:53:14 +0000

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By: ECOMMERCE

ECOMMERCE — Sun, 11 Oct 2009 08:43:23 +0000

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By: Houston Apartment Locators

Houston Apartment Locators — Thu, 08 Oct 2009 23:47:19 +0000

Banks are forcing consumers to pay more interest on existing balances (they profit). Or force consumers to close there accounts with existing balances and the lower interest rate but, its the banks that are still collecting interest. Closing your account lowers your total available revolving credit thus lowering your fico. Don’t forget on top of raising interest rates they are raising the over the limit fees and late payment fees to yield a profit. Consumer loses either route you choose.