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Tommy Newsom was shocked when his bank nearly doubled his credit-card interest rate this year, to 27 percent, for no apparent reason. A customer rep told him the law allowed the bank to do so, and that was all the justification it needed.
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OTR PRESS La crisis económica no para de hacer que se tambaleen todas las industrias y numerosas empresas anuncian a diario despidos, recortes de presupuestos o reducciones de previsiones de beneficios.
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The impact of ultra-tight credit markets is hitting your credit cards, and you might not even realize it. Behind the changes is the simple fact that lenders want to protect themselves from bad debt, so they're tightening standards and practices in hopes of avoiding defaults by credit card users.
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