2007-04-02 14:23:24 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes, and what is even worse is when you go through the bill and find out that all of them really are yours. Damn those credit cards and increased limits that they so willing give you.
2007-04-02 14:28:05 · answer #1 · answered by ttpawpaw 7 · 1⤊ 0⤋
Yes, the trick to those credit cards that offer certain things; they become void if you are ever late on one payment so that offer at little or no APR for so long are no longer in effect if you default even one time on any of their conditions. If you do default on a late payment they RECEIVE, not what the date is on the check you wrote, they are legally obligated to charge you the maximum percentage rate your state allows for the term of the card.
2007-04-02 21:45:59 · answer #2 · answered by Angel of Mercy 2 · 0⤊ 0⤋
Yup, when I wasn't keeping close track and underpaid by $20. I had high balances on two cards (close to $30k total) both owned by Citibank and the interest rates on both shot up to 32%.
I now have $5k at 0% and $10k at 3.9% and the rest is paid. I'm getting there!! Debt free in April 08!
2007-04-04 21:23:23 · answer #3 · answered by poonie 3 · 0⤊ 0⤋
Nope, because I keep track of everything I charge and pay my credit cards off every month.
2007-04-03 18:14:35 · answer #4 · answered by ? 7 · 0⤊ 0⤋
yes..when i paid over the min payment to get under a certain amt and then the next cycle without even using it it went back up to the amt i tried to get under! damn finance charges.
2007-04-02 22:50:05 · answer #5 · answered by chika0284 2 · 0⤊ 0⤋
No--how surprised and shocked could one be, when that person spent all that money?
2007-04-02 21:47:37 · answer #6 · answered by Still reading 6 · 1⤊ 0⤋
Oh you bet dude.
2007-04-02 21:41:52 · answer #7 · answered by Akbar B 6 · 0⤊ 0⤋