Wednesday, March 14, 2007

What Credit Card Companies Don't Want You to Know

The author of one of my favorite personal finance books, David Bach, has an article up on yahoo.com about the stuff that is in your credit card agreement's fine print. Most of us don't bother reading it, thinking it is the usual legal blah-blah, but as he lists in his article, some of this stuff can really hurt you.

Of all the games the credit card companies play that end up costing you thousands of dollars (late fees, over-limit fees, transfer fees, and so on), it's always been the interest rate game that hurt the most -- until now.

There's a new, completely legal game they're playing, and it can literally wipe you out financially if you're not careful.
More here.

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