Not much of a choice buddy, I fear. Credit-rating has become such a behemoth industry that the financial institutions fight tooth-and-nail for reforms in this sector, and also why would they let go the vice-like hold they have on you, when it helps them to get the maximum buck for their bang (although at some poor soul's expense).
2006-07-07 07:57:08
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answer #1
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answered by Sh00nya 4
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The answer to this is to have self control. Don't carry a balance on any bank cards and don't write checks that you don't have money in the bank to cover. You will find that you don't have to pay overdraft fees if you don't bounce checks and you don't pay the high interest rates if you don't have a balance carried forward. It is that simple.
2006-07-07 07:58:19
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answer #2
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answered by Norm 5
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If you pay within the grace period your interest rates are exactly ZERO.
Also, most banks don't have any fees.
If you are banking with a bank with lots of fees just close that account and move to other bank.
I have been using Wells Fargo for decades and I have never paid a cent in fees.
Top 4 Answerer in Business & Finance. (Vote for me)
2006-07-07 10:47:57
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answer #3
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answered by Anonymous
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There are laws such as the Fair Credit Reporting Act that ensure that the credit bureau reports of consumers are accurate and that they have recourse in the event that they are not. Otherwise, your only defense to bank fees is to be aware of how they are incurred and to manage your accounts responsibly.
2006-07-07 07:57:21
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answer #4
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answered by Anonymous
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You have to be smarter than they are. Instead of whining about it, do something about the problem. There are ways to rip off credit card companies and banks, legally. Im not going to tell you, you will have to find out yourself. Or you can pay me some money, Im tired of giving out free information, you'd think we were are communists.
2006-07-07 08:04:26
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answer #5
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answered by Anonymous
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Don't let them have your money.
Pay cash for everything and there will be no long term interest.
Your credit can only be ruined if you are buying things you cannot afford to pay for. If you are paying everything off, then the banks will only try to offer you MORE credit, not take it away.
2006-07-07 07:59:09
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answer #6
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answered by Cerebrus 3
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No banks do not seem to blame for losses at the same time as you're careless along with your atm card. A debit card can best be used to withdraw money utilizing a private id pin. this suggests that you both had your pin volume written down someplace or had in the previous shared the volume with everyone. Your card might want to now not were stolen should you had it in a reliable position. you could prosecute the felon should you favor to get you money back. you could undergo in options this a painful analyzing experience.
2016-11-06 01:20:50
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answer #7
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answered by ? 3
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Sadly, if you sign up for a bank or credit card and it has notifiied you of their fees, then there is nothing you cna do. Best thing is to have just one credit card. Go with a bank recommended by friends.
2006-07-07 07:55:35
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answer #8
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answered by suheilly13 3
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about the only thing I know to tell you is to A) write your senators and congresmen/women about your dissatisfaction with the current banking policies and see if they can't work on changing the laws, and B) keep a close eye on your bank statements and be sure that you're not being 'ripped off'
2006-07-07 07:55:40
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answer #9
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answered by Anonymous
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Banks and companies have powerful lobbyists to get laws passed that benefit them. Until our government starts listening to what the people want, this will not change. And they will not listen to what the people want until the people actually use their vote to elect someone who will.
2006-07-07 07:55:11
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answer #10
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answered by ebk1974 3
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