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Reply #1: Late payments on anything = credit card sticker shock [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-27-06 01:56 PM
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1. Late payments on anything = credit card sticker shock
Some companies are jacking their rates all the way up to 39.9% if clients in poor neighborhoods are late on the LIGHT BILL.

I keep telling all of you, those things are a scam. Everybody who is in trouble started out paying the balance every month. The cards are just waiting to lock you in high interest debt, and that 18.9% they started at isn't enough for the greedy bastards.

If you do nothing else, pay those suckers down and get out from under. That's what may save you when the crunch comes.
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