When Paying Your Bill on Time Isn't Enough

Tommy Newsom believed he had done everything right. Each month he paid his Bank of America credit card bill on time. The balance was relatively high -- about $5,000 -- but he paid at least the minimum due. Then earlier this year, he received a letter from his credit card company. "They were going to double the interest rate on my credit card, and that upset me," he said. "Because there didn't seem to be, in my mind, a legitimate reason for doing that." Newsom's interest rate went from... Full Story