Reply #12: If you read the fine print on the credit-card application---

[CoffeeCat]

You will see that credit card companies have the right to do whatever they want to you. Whenever they want.

They can raise your interest rate--without warning and without notifying you.

They can call in the entire amount of your outstanding balance, if they please.

They have you by the bells.

I saw a Frontline special on credit-card companies and how anti-consumer they really are.

Also--the new bankruptcy laws make it impossible for someone to avoid paying. You have to pay now.

So--if these companies want to double your payments or increase your interest rate several points---you MUST pay what they demand and there is no getting out of it, due to the initial contract signed and the new bankruptcy laws.

Recipe for financial disaster.